and i think i always give a personal anecdote. my father has parkinson's and when i think about the ways that we can sort of use these incredible technologies to help americans and people all around the world suffering from these debilitating diseases, i think we can make an incredible and huge impact. it's so inspiring to see our national labs working with amazing researchers and doctors and scientists across the country to use a.i. to drive the next generation medical break throughs and anything we can do to make that possible is something i'm deeply committed to personally and i think it's something that can make a huge difference for our country. >> thank you. please join me in thanking michael for his leadership. thank you. >>> c-span's campaign 2020 is with president trump live tuesday at 7:00 p.m. eastern as he holds a campaign rally in sunrise florida, his first since changing his residency from new york to florida in late october. live coverage on c-span, watch online at c-span.org or listen on the go with the c-span radi

>> i think it's a very different animal. i was targeting nominal wage growth, real wage growth, labor show is much more real valuable, so i would not touch it. >> i'm reminded, there's a great bernanke line in the transskrichs is when the bureau much economic analysis revises, he says if they can revise it retroactively, can we do the same thing with interest rates? i'll take two more. then we'll have to call it a day. >> bert elia, banking consultant. there was a reference to fiscal policy in acoordination with monetary policy. how real isistic is that in the united states today given the substantial deficits that we're run and a rapidly rising ragi ratio? is fiscal policy a response to a downturn off the table, given how significant the federal deficit is during a full employment economy? >> thanks. and the gentleman over there. >> ubs. president mester, you mentioned an inflation band. how wide would that band have to be? standard of 0.4 a year? caught cattio showed it's around 1.7, we're running 1.8. is monetary policy pr

i think you know i wouldn't say that germany is united fully back because we can see i mean we can see the different paychecks we we see differences on you know where people are represented the difference is still there and i think hearing for 30 years that you know this isn't that bad that's what my parents also heard you know you just wait and it's everything's going to be why you can see your parents in the ones who know him to say well my father like many others lost his job he was working in the steel factory that was gone afterwards and. it was just you know there was not a lot of jobs you could get into and it's also he was same age like me now 36 but he never got back on his feet and this is something that was it was a brutal change and i think a lot of people around all my friends have different stories to tell so you know and just realizing how brutal and how you know not only using a job but also the values that are in the system you know that changed everything changed you know people went to the west. people were chilling and steeples so you know social network also was go

a wonderful shock catherine you would talk up in bed and i was thinking that think i was about 8 years old. my my father had been to germany just a few weeks before i think in september quite placed you know the. further south and he'd taken fate. his insurance the watch towers and soldiers with guns really scary when you're in a boat so we knew what the berlin wall was my brother and i and on the night my mom came up as you go to south by just come downstairs watch this on t.v. this is historic and i don't even really remember her explaining what was going on we just watched and sort of drank it's in and you know obviously much harder to get the feeling than if you actually there like you were but you know you grew up needing about knowing about the berlin wall and having had that experience of my dad telling us about it it seemed like you say what this huge scary thing is i permit it's god what is this and today you are with friends 24 and i wonder from the french perspective when you look burkas are those great days in once you know if you don't how much of a of a triumph for libert

i think it makes sense. even though it is only one more year, it does have the effect of forcing us to think a little bit longer-term, and that is always good. it would bring more certainty to the department so they can operate more efficiently and not have to worry about programs being -- longer-term contracts being written and signed and research grants being cut off. i think it would be great for the agencies if we did that. and it would allow is in the congress to do more budgetary oversight, which we have not done nearly enough of. another follow-up on a potential spending deal. you suggested there could be a temporary patch for the department of homeland security while the rest of the government is funded in another vehicle. i am wondering -- is there any chance that democrats would vote for a spending bill that does not limit trump's ability to transfer funds like he did earlier this year in moving military construction funds to the border wall? also, is there any way that democrats could vote for a sp

>> well, i think that is right. i think each side's revving up their base. general electionses, unlike primaries, are not decided by bases. they're decided by swing voters, and swing voters right now don't like president trump, they don't like the democrats, and they don't like the republicans. and so they continue to dig holes into their bases while leaving swing voters perplexed about how are we going to get things done in this country. gerry: how many swing voters are there these days? we hear about the base and it's all about turnout. how big is the panel of persuadable voters? >> well, i often say we're a 40-40-20 country which is to say that you'll get about 40% that would impeach trump regardless of any facts and side with democrats on almost all issues, and there's about 40% that would agree with that famous statement that president trump said that he should shoot someone on fifth avenue, still get there support, and there's about 20% that actually is capable of going back or forth depending upon how issues and how things in the country may themselve

and i think it's very difficult. i do think that looking for those moments of conversation, as banal as it sounds, we're at a point in our republic where there's an act of civic engageme engagement. >> what's been the reaction from some of your liberal friends and colleagues to some of this? >> well, you know, mixed. i think a lot of people -- i do get this question, so you want us to be nice -- that's even from our friends, you want us to be nice to nazis question so that's why i bring that up now first. and, you know, i think there's been a mixed reaction. i think some people want to -- a common thing is to sort of being politely, like, yes, this is a good idea. but trump supporters are all evil, right? right? and i think that is -- that's the leap that is too far. i think that -- i think it would be helpful if we refrained from making broad generallizations about people as much as we can. i mean, in politics, there is a point at which politicians have to do that and i understand th that. i mean, politics is about,

davo oh i think that's an obstacle for him i think he's seen it already in his own party with particularly african-american voters as were his statements by the way in south carolina and elsewhere the answer is i hope americans do elect a gay president i hope it's not pete good to judge i don't really consider him experienced i don't consider south bend indiana a city it's in the terms of the way we look at chicago or new york or a large city were really really has to manage an executive department of the government so i think he is a young man with probably a future in the democrat party but i think it would be a mistake for the american people to bring in someone which would such lack of experience in terms of probably no private sector experience frankly executive experience i think he would require much more more seasoning before he become president and i hope i hope we do elect a gay president i hope that gay president will be a republican but. the question he will mention to this is what do you make of michael bloomberg. i thought like a bloomberg was a fantastic mayor of new york ci

it is empowering because i literally have no clients. our thinking about your have to open up a new client matter your have to run a conflict check on the client and the answer is no. i don't have a client. it's like i was thinking about the process of putting my brief together and in every other case i've had, i have to build in like a week to let the client review the brief. it's this brief 30 seconds before so it's very empowering. let me say why i think this is an important case. it's an important case because the specific question in the case is whether or not the removal provision for the head of the cfpb which is a cause removal provision is constitutional. that's one of these things it's like, the issue in this case is like the thread ons the sweater, if you start tugging on it and tugged on it hard enough, potentially the whole sweater comes undone and the sweater here really is the entirety of the independent agencies and so on, the whole alphabet soup of tencies that all have productions and they typically alluded to also have multi member

i think you've seen the high for quite some time. i've said that for a while and been wrong but this might have been the catalyst. again, i had no idea he was going to shatter the windshield, side-view mirror the market was looking for an excu excuse. >> they should sell those balls. >> no question about it. >> the balls can break the glass. >> stock up 64% in 34 days it was over bought it was looking for a reason to sell off if it sold off because of these hard balls, i'm pretty sure it's a buy at this point. isn't that what's supposed to happen with bullet proof glass it shatters this way, not in. >> didn't go in. >> it didn't go in >> it doesn't go in. i don't know how much of it really -- do you think it sold off because of the ball going -- >> the extra hard balls are not -- >> you are having too much fun talking about these balls. >> we said this last night, guy's salient point, whatever it was, i think we outlined it, this event was not an event for the company. this was a bit of a side show. we've seen it with the semi. we've

yeah i think so. and this so much to do one of the best things about doing the dates journalism i do is that i will publish. or deaths from aids and i will show george bush kind of presiding over this period and in all of the comments will be people that will be talking about all the factors that contributed to the visor aids beyond the government kind of turning a blind eye to it and so readers a concert make holding me accountable and saying these are the things that you're going right and these are things that you're getting wrong and the smaller your readership the fewer people are able to hold you to account i want to reach a really big group of people partly because i want to get it right and they don't know humus only get it right with more in an echo chamber and speaking to him in ground. i think pushed back a little bit of the idea that frankness is something new there's always been this information there's always been deliberate misinformation i think the word fake news implies intention and

>> oh, i think -- i think the tariffs are going to go up because i don't think the chinese communist ready to deal. and so the -- we have backed off on the tariffs a number of times and i don't think the president's going to do it again because he's trying to get the chinese communist party to come to the table hopefully the raise in december will actually get them on board but quite frankly they have determined not to deal and if you go to the fourth plenum that they just came out of, they basically said they're going to take hong kong and do with this what they did with the mainlands after tianamen square. they're doubling down. >> what's baked into the market? i always thought up until the past week or two that we've baked into the market the conventional wisdom was this would get sorted out in some sort of phase 1 deal by december 15th >> i think what robert is talking about is not priced into the market i would say some sort of roll back of tariffs wasn't priced in either, and that's part of what i think led to the up swing in the market over the last couple of weeks but i think

i think he's wrong. if i believed everything the democrats were saying, i would still say this isn't an impeachable offense. i routinely went home for years and got yelled at for not impeachi impeaching barack obama. now we're going to do this on a phone call? i just don't think this rises to the level. and i think my friends on the democratic side are putting america through a terrifically bad experience. really because they have lost control. they confuse what their base thinks with what the public thinks. >> why is this on the democrats and their base and not president trump? do you think president trump has any responsibility for the horrible polarizing situation we're in right now? >> i think the poll rising situation has been building up for a long time, but i think you don't make it better by doing impeachment. you make it worse. so you can hardly complain about polarization when what i think is very flimsy evidence, you put the country through an incredibly divisive thing. you stop everything else

so i think this is a credit to paula and i working hard at this and really being committed to it. >> did you always know that you wanted to be in the military. did you think your sister would be a general >> so yes i always wanted to be in the military from a very young age. no, did not ever imagine being at this point in my career. but i don't think anyone was ever surprised the day that maria was promoted to general. >> were you guys competitive i have two stars, you have one star. wheeze rr going to get more stars? >> no. she is sitting on the wrong side of me. >> it is -- you are with the cyber command. what about the partnership with silicon valley is it a good one that the military has with silicon valley do we rely on them are they a good partner? >> i think silicon valley and industry in general, and i would throw in academia, are absolutely critical to what we do. i think cyber is definitely a team sport. we cannot do it without the partnership. the amount of technology changes that take place, it is absolutely essential that we partner with them. >> obviously cyber threats,

>> i don't think so. ean, i think it was -- i think a lot of this could be put in the category of mistakes, clumsy, not things i would do. but i don't see how it's an impeachable offense to overturn an election. paul: it's interesting to me, dan, they're not pointing at any statute when they say bribery x. the justice department has already written that there was no thing of value exchanged to make it, for example, a campaign finance crime. and that's also what is required by a precedence to be a bribe. what about extortion? >> well, it's the same thing. you can get into a parse this legally and get into a legal debate over whether it qualifies as extortion or as bribery, but the fact remains that it doesn't add up as we all say in these impeachment things to the smoking gun. bill clinton lied to a grand jury. that was a crime. paul: and he had to concede it. >> he had to concede it. paul: because it was right before everyone. >> and richard nixon, you had the missing parts of the white house tapes and so

i think it is difficult for us to assess. we have to apply our best judgments and read the statutes and think about what we in good faith believe to be the limits of our authority. but i am not convinced that those limits exist in the law. and i don't think that we know that that's always the case until we go through court. and then if we do go through court and find those limits are there, i think it also helps us in making our case to congress about the limbtations of the law. >> basically my answer is i think we can do both. i think we can talk to congress and explain where we see constraints today and push the envelope where we think it's appropriate and in the interest of consumers at the same time. >> let's talk about that here. so what do you see as the c constaints today and in order to do the job you've talked about being needed in privacy and let's call it data protects or information privacy, and what do you see as the constraints today? what's the authority that you need? >> so i'll start with where christine start

i think a kid being on a board, i think it's shady. i think it makes no sense. >> it's shady?anywhere. >> no, this is where his son -- >> you can give evidence. but nobody has given evidence so far. >> have you read "second empire"? >> i have not. >> we have to sit down and talk about it. >> you do not agree with the premise. let me give you just in general. i think in general. >> for the good of the country. >> if a president does in fact have a quid pro quo for a counterpart in a country that's in badly need of aid and is fighting a war and says -- i'm not asking about trump. is it okay for a president of the united states to ask a foreign president to investigate a political rival? >> there is no evidence at all that there is a quid pro quo here. >> i'm not saying. >> and if there was a quid pro quo, you won't answer just a hypothetical of is it okay for a president, any president to ask a foreign president for to investigate a political rival. >> andy mccarthy and other constitutional scholars are coming out now and saying, and saying this whole concept of not making your

that you know you're we can help people more if we have a more market oriented for you well i think you should allow people to help themselves stop putting impediments in front of people or thomas you know when i argue when i argue with these these left wing liberals and socialists here i always bring up the issue of dependency do you want to be dependent on the government and institutions and remarkably so a lot of them say that wouldn't be a bad idea and i i might be gassed by that i'm aghast by that when you more dependency the less freedom you have i believe in choices dependency there are very few if any choices go ahead thomas. you know my friend walter williams wrote a whole book explaining why most americans hate freedom. they want to be taken care of by moma and moma is government and that's why people like bernie sanders i tell my students he seems to think government has an a clause you know free this free that free education free car free house and so that's and so were the remnant people like myself and the other the other 2 on the panel and you peter were the run that h

i don't think you have to hate a conservative to be a good progressivement i don't think you have to it this to be a good civil warrior. you don't have to stay poor to hate chronic poverty. to hate police to believe that black lives matter. i try to be the kind of man who rejects false choices not for the sake of tamping down disagreement and smoothing things over, but because of the range of my life experience has taught me, so many of the choices that we present each other in politics are in fact false. so i want you to understand that i am proud to be a democrat, but i am not running to be president of the democrats. i'm running to be president of the united states. and there's a difference. i'm not talking about a moderate agenda, that's the lat thing we need in times like these. i'm talking about being woke, as my friend says, while leaving room for the still waking. i'm talking about what it takes to govern, what it takes to actually make change that lasts. the values of community and generational responsibility are essential for the american dream to flourish. it was because ot

i think they've been i think possibly they underestimated the effect of this democracy bill it was just as they underestimated the effect of the elections of the weekend so i imagine that they're taking stock at the moment in trying to come up with a policy of some kind of at the moment there just seems to be quite a role anger there as you saw in the various statements today. as you say the lol could could be give people a chance to catch their breath maybe think about how how the trade talks to go from here whether or not sovereignty will indeed outweigh the economic is is going to be the big factor all right beijing in a very difficult situation there clifford conant thank you very much. and let's look now at some of the other global business stories making news. lawmakers have approved an increase in u.s. beef exports was conciliatory a conciliatory gesture as both sides square off on trade issues moved grants american beef producers a greater share of a preexisting $45000.00 ton foreign beef quota which is most of it dominated by australian and south american producers. europeans a

i think all crimes are hate crime's. -- crimes. eed to get the political discourse off -- off of social and i have suggested we need to forte an equivalent of npr that political conversation. we are talking to the cofounder of sun microsystems. let's put aside that and talk about innovation will stop one of the things that has been expressed is if you get too big [indiscernible] if you go back to standard oil, that was the concern. are you seeing a curtailing of innovation and success? >> that is a great question and hernych question because really, what does facebook keep me from doing in my life? there are lots of ways to take a picture of my dinner and ensure that so i don't feel like i'm having loss of choice. i have lots of ways to communicating with people and the people that might be upset our advertisers because digital itertising, three fourths of is google and facebook and they are gaining share so they might have a beef, but the consumer, you don't have to use facebook, you don't have to use twitter or google products. in

i think the risk is outrageously high. k at the priefl and we were talking about this off air, medicare for all private private health for all. i believe with michael that this issue has moved considerably to the left. i don't think there is much debate in the country about the fact that nobody should go bankrupt because their wife gets cancer or their kid breaks a leg and working class people are victimized by the healthcare system. the answer to it, though, if it requires po pulling private insurance away from 160 million people, it is demonstrably unpopular as it stands right now. it is advancing that issue this fight at this time worth the risk of re-electing donald trump and what i would argue is that from the perspective of the 2018 elections, what you saw, particularly with the overwhelming turnouts you are seeing in suburban areas of the country, the african-american community, that there the a coalition that can be assembled for the purposes of dealing with, what i think is the first, the second and the third issue

hinder that from happening well i think one issue is what guidelines are in place to really make sure that the local people benefit i remember visiting a project in rural sirrah leone where a western company came and i think even backed with with funds from western development organisations to set up a plantation to produce palm oil locally but the problem is they were only hiring locals as unskilled workers and they were given a job for maybe one month for maybe 3 months and then that was that they were out of the job they were not earning salaries that were really helping them to turn their lives around to send their kids to school or maybe to invest for example by building a house and then you know paying a local company so that you see the money is actually growing and stimulating economic growth so for me it's really an issue about what guidelines do we haven't placed so the compact and the conference talked a lot about reform would you say that they do take some steps to addressing those problems i'm very doubtful there it always sounds as of many people believe it's only a matt

i think that, you know, i will tell you a quick story.she once said to me you know, i just got married again. i married my high school sweetheart and i want to thank you because she hated politics him until she read a primary colors and been found that it could be fun. i've gotten a lot more of that sort of reaction over the last 20 years than any other. >> host: i ask that question very inarticulately and i apologize for that. is this book in washington read or will this be read and holds the oklahoma or wherever? >> i think it's something that certainly has struck me over the last three years is how engaged in how informed people are all over the country and for that matter, over th all over the wot this presidency. people are watching, people are reading, people are tuning in, and so i think that for that reason alone, it's not just in washington but. a thousand copies isn't chopped liver. that indicates a certain amount of interest. i came here in the 1980s so that's when i first got here and this is the most walked and people have ev

that's being full cost is coming in on a controversy is that could be a massive test i think it's the there's a lot of things you can do i mean if there if there's differences you can see on the paycheck 30 years off the wall came down we have to equalize equal it but then i think the people in the west will say that's so unfair because the cost of living in these threads somewhat heavy doesn't exist you know it doesn't make up for it and i always say you know the narrative we're saying is you know you people in the east you do you didn't pay the same amount of money the best in people and it's not you i mean somebody decided to draw a lie to you to build a wall but it wasn't the people in the east so you know if you start the story to tell the story from there you know you get. you distance yourself a little bit from the whose fault it is that the people who are there are there and i think 30 years of the war why does my mother was a teacher for 43 years why yes you have to earn less than a teacher in the us i don't get it wrong angry as you get about these things i get really angry

, i think india still has some way to go.

so i'm i'm somewhat cynical of about a lot of the stuff that surrounds the so-called industry but i think it is quite a useful thing to do i know that you believe that the next 50 years of human history will be determined by our relationship with the machines and i think this is a very popular notion nowadays but it strikes me as a little bit. i isn't human history always altima to be determined by our relationship with ourselves rather than the tools we invent use well it's everything i think one of the mistakes a lot of technologists make is to is to purely look at technology in a very linear fashion and you have to consider the entire system the psychology the history everything everything that within that there's a great quote i use in my book from wilson who's an american evolutionary biologist which is that we have fucking number we have the brains of the page the institutions of the medieval and the technology of the gods and he wasn't being terribly complementary i mean technology is accelerating extremely fast in certain areas computing and genetics primarily we still essentially

i think he was he was a witness that i think has credibility and that's always a good thing i watched the testimony you know i appreciate my my colleagues you know representation is that this this proved to be devastating to the president i don't think that's accurate i think let's look at the facts when you pressed him when when witnesses pressed him if you going to name names the most important name is the president's what did he hear from the president and it's quite difficult to say and when i presented a case to the grand jury for example if i didn't has statements of the actual defendant that supported especially in a case of bribery especially in a case of quid pro quo now is it fair to suggest that other people could be speaking for the president it is except remember someone's testimony in which he did have a conversation directly with the president unlike then unlike some of the others he had he had a conversation directly with the president. which the president indicated after being asked the question what do you want from ukraine this is a moment the president could very e

don't think they should i think it's a shame they have to think that way, frankly >> they've walkedhis show, but on cnbc and said, i haven't heard much about ceos talking about tariffs. of course you haven't. they're not going to say it. they're not going to say it and risk the wrath doesn't mean it's not reality. >> we're poised for record closes for both the dow and the nasdaq how much are buybacks a piece of the pulzzle >> i think they are a big piece of the puzzle over the last few years, but there are periods in earnings seasons when they're blackout periods and that's where we actually find opportunities as active managers to buy some stock but as we come out of earnings season, i would expect companies to revamp and come back to those buybacks and probably give a strong end of the year with regards to that buying >> sit tight here. i want to go to deirdre bosa with more on how uber is closing after their quarterly loss it is not a pretty picture >> it is not, brian. uber is about to close out one of its who's days as a public company. it's nearly down nearly 40% from its $45

i guess i'll start with the ladies on the panel do you think that this was i guess i'll start with the ladies on the panel do you think that this will have an effect because one of the fears that a lot of people have is that just like to have an effect because one of the fears that a lot of people have is that just like going into hollywood you know you have to be very careful if you're going to go into public life going into hollywood you know you have to be very careful if you're going to go into public life at all but especially in politics and public service knowing in the digital that all but especially in politics and public service knowing in the digital age somewhere out there you know and this goes for the men on the panel too we all have access somewhere out there you know and this goes for the men on the panel too we all have axes we all have ex husbands wives girlfriends boyfriends we all have ex husbands wives girlfriends boyfriends lovers that doesn't matter they could have that one picture they could have that one text message lover is that doesn't matter they could have

want to get too hung up on trying to trump i mean i think i referred to him as a global game changerwhich could i'm not putting any sort of positive or negative spin on that you also discussed there as a potential risk well you know well it depends on how you view risk where you stand i suppose. i'm not sure how to respond to that question i don't want to get too deep into that is on the next american politics but he certainly has disrupted the system but he's not alone in doing that or other people disrupting systems now a few years ago you came up with a map of mega trends and technology running all the way out to you 2050 and i hope you don't mind me saying that i think that map navigates the future from a decidedly western analytical perspective which. i'm sure you would agree with me by by no means universal do you believe that the western lifestyle the western thought the western way of doing things will continue being dominant for years to come well i mean 1st of all again we see it has a specific lessons on it and it's very difficult to avoid that it was also written as a tim

probably because i think the 1st signs are not good for my call i think this is a highly controversial measure which don't really true just sort of uniform eyes different pension schemes but of course when you do that you will sort of. undo or change pension schemes and people will get unhappy about that and some cases rightly so so i think the 1st sign probably that's an effect of the yellow vests is that when martha go you sort of started talking about his big pension scheme and reform i think he said 1st we ought to have a long national debate so that's probably a sign you know this is a yellow you know yellow vest effect that before you were probably you try to bulldoze literally the scene and just do it. consult of course that might not be absolutely real consultation but i think she is being careful yes it's a very it has to tread without extremely carefully extraordinary times ahead for the throw society indeed philip but earlier highlights on the chantry room a blizzard thank you very much indeed. and thank you too for watching you can see the program again any time by visiting

cite is that suggest that the percentage of psychopath is much higher among business executives so i think it's always been that way doesn't it i'm not quite sure i don't i mean that there is definitely some truth in what you say again i just question the sheer dominance the ubiquity of some of these tools and technologies that are now emerging i mean there is some difference i mean you know there are certain regional differences now the chinese about their own version of american products and services but i think my point is the shia ubiquity of it and. we are having less and less choice in a sense i think you know yes you got to eat food but you always have to choose a choice in what you age but it's becoming increasingly difficult to disengage with certain technologies a moment well i'm not sure he you have a choice when it comes to food especially in western societies because there are about 12 big companies that are running protection and production there around the world but coming back to technology i know that you. personally i'm very cognizant that about how much technology you pe

i continue to think it's wishful thinking. ant to explore more about how you characterize the party. in particular the relationship with the people. throughout the book you refer to the government as a totalitarian government. in my study of china on most of the time we refer to china as the authoritarian government. it seems like a minor distinction but i actually think we were trying to come up with good u.s. responses the distinction is important. totalitarianism is a society in which the government controlled every aspect and allows there to be no political economic social freedom at all for their people. i think there are pockets of totalitarianism in china, for exactly, but you wouldn't call democratization but there are areas in which the chinese people have more freedoms and according to authoritarianism the party exercises power i would argue within relatively polluted predictable limits. the average chinese person knows what would get them in trouble and what keeps them out of trouble. given that, i think in my view c

i am curious where you think the grocery opportunities are because i think most grocery stores that i think of are at least 12, 20,000 square feet. your retail spaces in the community right now are 1500 square feet at the ground floor. where can we create an opportunity for a grocery store? that is really important for the future of the island? >> again, the smaller configuration would be for a few years until building two is built out. we want to prioritize one of the smaller bases, 2000, 2500 square feet for grocery, general store type use. one of the images is that the rinkon market is a similar story. that was an area that was all office but becoming more residential. i believe that market there was subsidized back in the day. that is a very small configuration. it really did serve that function for the neighborhood providing a wide variety of goods. it is crowded in there. it has a pretty interesting variety of prepared food as well and kind of thrived off the lunch trade. it was able to survive during the era when residential construction was coming now standing on its own. that

i think that's more leading. if you see the service pmi continuing to decelerate in the months ahead, i wonder if then the mark ro environment will come up more for the credit investors where you say really it's about time that we cut back on the lower quality. until the data is ok, i think we stay in that narrow range. >> final word. >> averages are misleading. spread on double b, and triple c, until you see that trend break those are going to offset each other. >> stick with me. coming up still ahead the final thread the week ahead featuring a rate decision on the bank of england and a slope in pmi report. that's coming up next. >> from new york city, this is bloomberg real yield. time now for the final spread. starting on monday, we have china and euro zone pmi. tuesday and wednesday, then on thursday a rate decision from the bank of england. friday inflation numbers out of china. with me for some final thoughts. guys, let's get to the news on the trade story. china says it has received a consensus in principal

do you think that is doable? >> yeah, m i absolutely think tt our team, our cleanpowersf team and the sfpuc team broadly is looking at some of these things. in fact, i think that mr. parsons alluded to the discussions that we've already been having with him and he has met several times with our equity working group. the working group is initially charged with developing a framework and that framework is intended to inform everything that we do as a program, cleanpowersf. and we hope that it will be a model to apply even broader than that across the p.u.c. and i think that a lot of his recommendations are totally right for further investigation from that group and our team as we're beginning to develop new programs and i think we've reported sort of throughout this year to this body that our focus had been completing enrollment and bringing the program sort of to fruition and once we did that, of course, we have to continue to procure clean energy. but it was to bring new programs to san franciscoians and our customers that fi

and i think you're almost there. i think this is really much better than it has been. so some of the specific comments that i have, i would take out the "in rare cases." say the historic preservation commission or planning staff may request application of these guidelines. i'm not sure. i think that in your summary side, there's a contradiction here. it's discretionary or voluntary by the sponsor, but we can request it as applied if that's part of the the community benefit negotiations on a demolition of a potential resource. right. so that's where -- >> we wouldn't see it if -- >> we do see it. >> if it's not a resource. >> if it's not defined as a resource, we would not see it and we don't see it. so -- but we have seen dozen, if not more, of developments over the last since i've been on the commission now, six or seven years, where auto row projects were being built above. there's the one on fulsome, i don't know if it came before the commission. it's the housing project between 7 or 8 on fulsome, where it is the brick facade -- >> on to 9 and 10. >> yes. we as a cit

. >> i think p i i think it was at word for them. consensual is the word i took away as well.y moved swiftly on this. he repeated the same message. it's important to note it's consensual. at the end, he's still -- maria: he said he made a mistake, it was a right move, he's agreeing with the company and he made a statement to that effect, also talked about an insider taking over the job, an insider from the company will become the new ceo. this is a personal situation. i mean, i don't think that it -- it means anything for the mcdonald's strategy, do you? >> most likely not. >> it's a personal situation but this ceo had a great ride. it was a great track record. it's amazing how quickly you can fall. maria: it's a good point. >> and that happens so often for the wrong reasons. not for what was done, but for having such a great record and it's over. maria: and mcdonald's had such a great record in materials of growth in earnings and revenue. what can you tell us this morning in terms of where we are in the overall earnings season? in terms of growth and revenue. what are you hea

i think he's wrong. if i believed everything the democrats said i would still say this isn't an impeachable defense i have routinely gone home for 16 years and got yelled at for not impeaching barack obama over and over and over again. but i didn't think he'd done anything. even when i disagreed with him that rose to that level. now we're going to do this on a phone call i don't think this rises to the level. i think my friends on the democratic side are putting america through a terrifically bad experience, really because they've lost control, they confuse what their base thinks with what the public thinks. >> why is this on the democrats and their base and not president trump. do you think president trump has any responsibility for the horrible polarizing situation we are in right now? >> look, i this city polarizing situation has been building up for a long time. but i think you don't make it better by doing impeachment. you make it worse. so you can hardly complain about polarization when on what i th

they did not implement it, i think, in the time frame that they were supposed to. this point, they have once again had their license suspended. now, of course they are going to appeal that. go then i imagine it will through the courts. the real question is, how soon will this actually take effect on the streets? >> i want to pose that same question to you about how long to actually impact the company's fundamentals. all depends on what happens in the courts. i think, in the near term, they operatingkind of businesses as usual. as they go through their appeal process. if they actually lose a license, you'll start to see a real impact to revenue. 5% ofimate kind of 3% to revenue. i think the larger question and the more maybe long-term wouldon, because we expect this to be resolved at some point, would be what competitors as they try to take some share and leverage off of this opportunity. gabe, where do you see that competitive landscape? the end of theat day, i mean, uber has built an incredible product, a great marketplace. however, it's really a commodity at this

i said -- i don't think i said that the assistance was involved here. i think -- >> what was everyone in the loop about then? >> well, the secretary was in the loop that we had negotiated a statement. >> okay. >> i'm fairly comfortable that the secretary knows that where the statement was at that point, in other words, the 2016 and burisma and that lisa passed that along to him and kept him informed. >> okay, so we can agree at this point in time the secretary wasn't in the loop that there was a conditionality on the security assistance? >> hold on a second. are you asking about july 19th, exhibit 4? >> i was asking about your email to the secretary on august 11th. >> oh, okay. >> there's -- >> well, on july 19th which the secretary was on, i talked about fully transparent investigation and turn over every stone. >> uh-huh. >> and the secretary was on that. >> okay. >> so -- >> you testified at your deposition on july 19th in this continuum you talked about at that point in the continuum it was just a generic investigation, wasn't anything involving --

but i think by then we had gone beyond that. and i don't think any kind of service delivery they can't create better health overnight. they can't create better schooling overnight. they can't create a million jobs overnight. i think that takes more time than reforming the electoral law and, i'm not talking about the constitution reforming the electoral law, that having new elections and having a new government. i think that can be done in a shorter period of time. you also spoke about creating jobs and improving services without interference and the derailing effect of corruption. you're absolutely right body don't think it is possible to do that unless you have a major reform of the political system. >> always this, you have the spark and then you have the early commands, then once people are on the streets they raise the ceiling and then, just like in negotiations, then you have to go back and this is going to be really and ever evolving demands on counter, offers and counter offers, and also there are so many moving targets an

i don't have another way of doing it do you think about filling. the suspicion that that was was there. before for the 82060000000 the god. why following. the election of the long term. for. the election of the long term. i don't feel that it definitely rushes around though that in mind i end up with playwright question as when they're out there on their minds. than people. but before that and. i think it's more that people all very strongly. more that people very strongly associate the way that you use language with your identity so you expect you to the way that you use language with your identity so you expect very quickly it can make lots and lots of decision social decisions about someone by the very quickly it can make lots and lots of decisions social decisions about someone by the way that they talk and so we expect to be able to tell lots and lots of things about people that way that they talk and so we expect to be able to tell lots and lots of things about people and their identity by listening to them talk and so it's shocking when we're