kriti: you are at the iff conference, jamie dimon expected to speak it shortly.se have been major advocates of the u.s. economy believing and the consumer until jamie dimon did a u-turn. walk us through what we can expect to hear from him today. >> it is interesting, there are a few things going on, here in washington is the iff meetings, there is the inf meetings and allow the banks have emerging markets and sovereign clients in d.c.. you hear him talk about the u.s. economy, a bigger worry about the bigger draw down in the u.s. stock market, 20%, you may hear him speak about the issues and the rest of the world. how the strong dollar impacts the countries, how those plea back into the united states, if there is any broad -- bleed back into the night states and if there is any broader systemic risks. they talk about how the government balance sheets could be the canary in the coal mound -- mine. as a of debt goes up what does that mean here in the united states? those be the kind of questions that will be top of mind as jamie dimon addresses them today. >> 32nd

will add 3.2%, next year it will not reach even three such the data was released by the head of the iffhe updated forecast of the fund in washington. she also assessed the losses of the world economy in the coming years on the basis of a combination of negative facts. generally. we expect a global output loss of about $4 trillion before 26 to give you an idea of ​​what four trillion dollars is. this is equivalent to the size of the german economy a colossal loss for the global economy. i am a born optimist. but today i have to say that it will be worse rather than better. in other words, the risks, as we say in the fund, are on the negative side. the european edition of geopolitics considered that the eu is one step away from disaster, and the first step has not been determined. the true rarity is not a russian special operation at all, as it is now commonly believed in europe, but the followers of the methodical refusal of the europeans themselves from long-term gas contracts, as a result, the majority literally sobs from prices on the spot market. or the most far-sighted state, like h

delaware based mostly in delaware and at the time, if iff he wasn't if they weren't th the only black family, they were one of the few. and he would be discriminated against because he was black. wy so by the time he got to college, he woulded be discriminated against. he into a black college, hegaint would be discriminated against because he said he talked to white. yes. and then he played the kick drum in the band. would go so when he would go to the club and the music was playing, where would he clap? his hands with a kick drumf ever is the opposite of where everyone else is clapping their hands. and this is the most elegantgand and tasteful person that i know . and when my mom when they when when a school suggests they'reg like the herding systems, because what they do is take the the black community and they separate us and they separate the families th, you know,eyd they pushed us , you know, needs blachigher education. and as blacks, we discriminate a against each other and say, well, i go say it you. ve i have a ph.d., so i'm better than you.n you. my mom had h and so my mom,

so iff you would have asked me before he had done that i would have said i don't like it when men dohat i feel like it handled the situation but now i felt he's interested in protecting me to use his relationship in the world and for lack of better term he was hot. [laughter] my girlfriend met him and said he is hot. i was looking at your instagram and thinking almost as ann addendum to my body. and the pregnancy bb series the pregnancy breast-feeding series and wondering about the relationship even pictures of you naked and pregnant so how does that moment of your life relate to everything you are writing? with your body being used. there are a few breast-feeding pictures but what was that about for you? so i was writing about my body and said i can't publish this book because now i have to write all about pregnancy and birth but that just has to be another book i do write about the birth of my son in the last essay but i'm curious how pregnancy would affect me with lack of control waking up every day in your body does something completely different and there's no way to ensure. you

as you have been hearing, he has flown back early from iff meetings in washington for meetings with the -- imf. washington for meetings with the pm. —— imf. they are expected to pause plans after weeks of economic crisis. people are panicked about the impact of billions of pounds of tax cuts funded by more borrowing on the u.k.'s debt and on inflation and that sent government borrowing costs and mortgage rates are soaring and force the bank of england to come to the aid of pension funds. now, the bank says that support must end today. the bbc�*s editor left spoke to the chancellor before he left the state. there is a lot going on with the world's economy. he is where they recorded, with the photographer and the uk itself has been on some of the agenda. my totalfocus, faisal, is on delivering on the mini budget. in full? and making sure that we get growth back into our economy. that's the central price. that's the main focus of myjob and the reason why i'm here in washington, the reason you are here, is because we've got imf annuals and everybody is talking about the same problems. but b

. >> and to express immense gratitude iff it has actual laborh to be seen through but i'm thankful forhat and thankful of your work. [applause] >> please try to keep the middle aisle clear for the cameras walk around if you cannotd get up get to the microphone easily we have a couple we can run around. please walk up or racial hand. >> my bad i walked up and down all the middle. [laughter] >> thank you for so much for your work in this moment. i'm really interested in how you handled and engaged in red the archive of what you have witnessed what you are talking about to hold these black women and girls with care, gentleness. i would love to hear you talk more about how you put that forth in practice. >> thank you. and then now everybody by their first name. also using last names of black people we do that to criminalize or to identify perpetrators so i know that for instance we will say the treyvon martinrm case. or the george zimmerman trial. or the rodney king trial. so for me of what were their names or what did they do or who were they before this moment? i only know them because o

but the analogy that i use talking about iff you hit somebody with your fist if the hands are openingill break the hand otherwise you pack a powerful punch. so they stress teamwork that is important. and another good coach that used to play as the member lobbyist basketball game. we had a guest coach. it was great. we were behind we have not practiced together much and the endurance was terrible. we got within two points and he called the timeout. all of these grown men sitting around. looking each of us in the eye and we all calm down. just very. - - agreed so if we can agree to solve our problems and work together and get a lot accomplished. >> that is a great sentiment for what the coach has done in his career to fill that structure. and again i want to go back to this next entry.ha i have laid out what we need to be addressing. i serve on the armed services and serving in southeast asia and looking more at the china side, the belton road initiative that and articulated before that just how concerning that is. that the countries are getting into china's exactly whatar they want. th

in terms of the economic element of supporting ukraine through external funding will continue >> and iffhair axel weber is saying europe is taking the right approach >> fiscal policy and not have this the first time germany goes out as a big spender, everyone complains. you can't do this because we can't afford to do that. it shows you two things. the first thing it is important in a crisis you have room to maneuver the room to maneuver on fiscal policy in germany is a mirror image when debt got to 95% after the financial crisis, germany consolidated back to below 60% they have the new room to maneuver if there is a crcrisis it needs to respond in bad times and most european countries have had structure loose fiscal policy for years every time there is a crisis, the deficits get bigger and stay large and the next crisis blows it out again i think germany and -- germany must do something right. that is the right approach to fiscal policy. >>> coming up on the program profits slide and wall street's biggest banks in the third quarter. we'll discuss more after the break. we planned well for

but iff we continued in this space, if we continue on this path or if it actually gets worse the risk will continue to increase until eventually it will happen. and so what you do about it? one, get the word out. which seems simple but until recently it was not simple. i have talked to so many people who have lived through the civil wars in place like sarajevo, kyiv, baghdad bird they all say the same thing. they say they did not see it coming. they were going about their dailyy business. they would hear about the tax summer on the other side of the city or they would hear maybe about paramilitary group organizing some way, somewhere in a rural area. but they did not either take it seriously or they thought it was an isolated, unimportant j fact. they just kept going to their jobs and taking care of their f families. ando then suddenly it was too late in war had broken out. the just getting the word out and making people aware there is a cancer growing in our midst. and of course the far right, especially violent extremist groups that want the element of surprise they want to be able

one of the things i think it took us a long time to recognize is iff you look at the development of technology i'm sorry the question was this feels more personal. if you look at the technological develops of the 1990s especially nice its air force, the tasks were to try to find and destroy and that was true in the first gulf war it was true in kosovo. and it was truth of the 1990s. air force stated mission was to time critical targeting single digit a finish. find a target put obama within 90 minutes but all the target sets were machines. now it certainly if you blow up an iraqi tank in 1991 certainly you're going to kill the peoples inside. that is going to happen. that was never the intent to spread their work trying to kill those people they're trying to destroy the tank. what happened after september 11 as we transition to a forces in the business of targeting people. it took us a long time. we reeled from that for a long time. and so now, i would like to think were coming out of the post- 911 war. there are lots of people who were talking about future conflicts.io it almost feels like a

you were involved in politics once before many years ago in san diego running for mayor correct me iffm wrong but from doing my research, you are active in san diego in the 90s trying to camp down one real estate development, concern of the time among some people in san diego that is beautiful part of the country that is, people wanted to make it like another los angeles and you are active trying too stop that from happening and work for a real estate developer and former donald trump. talk about how the experience shaped you and if you brought that with you you first went to work with the former president. >> i wasn't against real estate development but against uncontrolled growth where real estate developers would come in and throw down a thousand houses in the subdivision and not provide roads and schools and sewer and thereby tax burden to existing residents and spell what today remains the finest to. beauty, a trafficil nightmare ad still issues with the environmental issues outut there but i think parallel between i did in 1992 running for mayor and what donald trump did in 2016,

doing so, they tried to outlaw the schooling as well in oregon and before that, they'd still like to iff they could in the supreme court ruling that we got last week in maine amongst other rulings. , it's been a good week for our founders. [applause] many other leaders in this country including ronald reagan who have been fighters for life for generations and here we are, you know what i'm saying, i would just say you have to break down the assumptions that you have about what education means especially in a christian context and that's why think classical christian is so different, what we've tried to do is break down the preconceived notion that classical means outdated, dusty, old how people have looked to homeschooling and homeschoolingg means weird or not socialized which is not the case and if you look at how it's done today and done so well it is amazing what they're doing andg homeschooli. including pods and co-ops an online curriculum and classical christian homeschooling, there are more options today than there have ever been for a great education for your kids and grandkids wh

which was quite different and then of course there was the southern meth of the lost cause and i wonder iff you can address those competing views of that time and how the lost cause in particular has continued to grain -- gain traction. >> the president to donald trump there has been aal real missed t of not for the lost cause. se but for to make certain key dimensions of it and some people are explicitly saying the civil war was fought for a noble grand purpose. let me back up just foror a momt and todd can jump in on this. the history of the civil war in particular part of it is that people don't understand that history is always not a site of objectivity more than anything. we are always competing about how the story is told and what happened and as we know the powerful are often the best resource to tell that story so how we understand history and how we understand a change over timeby is shaped by who has the ability to document history or who hass the ability to offer their narrative and who has the ability to codify that narrative into law and all of these other things. this is all p

. >> you never know iff it's goig to be absolutely irrelevant or more about the story. >> something aboutna and then a footnote -- [laughter] what does that say about your brain then? >> probably that i'm more of an organic nonlinear type. [laughter] is a bit in the book right talk about symptoms of adhd and ctstrongly i fall on the spectrm ofof maybe high functioning fake it until you can flex it organically driven rain. it's fine, talk about play. some part of writing you just have to write once without editing. >> i think that's personally the best way to do it. >> is a distracting thought, that's a great footnote. oh, that one is a half a page long, what do we do? my editor is amazing. i think i'm one of her few -- she does a lot of nonfiction, biographies, autobiographies and biographies. she was highly tolerant of my personal anecdotes and footnotes so for what it's worth, feeding the flame with that narrative and style. it's interesting, one could argue there's too much of me and neuroscience of you. [laughter] especially when i hear people saying she is one of the people i asked t

and i called up spacex asked iff they would hold to their bid. it was just over $300 million and i requested i requested that money in stimulus from the administration. i didn't get it all. at about half, $150 million and that was very controversial on capitol hill because people start to realize an industry who were getting billions of dollars to build systems to do that, or spacex were successful there wouldn't have had the opportunity anymore or at least couldn't charge what they were. i think we get caught up in have battle became about safety and are thehat in reality lines personality but in reality it was that unlike a lot of other things. it was the existing developers of these programs for fighting for the future trend what it has always gone smoothly. the space shuttle retired in 2011. spacex is now finally flying crews but it took almost ten years for that to happen meaning there was a gap of a decade when there were no cruder launch of them useful and we had to depend on russia to do it and the second provider boeing still hasn't flow

see iff you can put all that ino some context. >> so it was by the time that incident happened when is brutalized by the police we had been protesting, michael brown was killed august the ninth 2014. this was november 24 when this happened. we had been waiting to find out if the ferguson police officer who killed michael brown darrell wilson if he would be indicted. we knew this answer was going to either called wide spread protest or it was going to maybe just finally give us and the families some type of relief may be things were starting to change. so we prepared for it. that night i decided not to just be out there is a protester because i knew there'd be so many people from all over the world that would be there that had never experienced teargas before. so i had all of my stuff. i had a book bag full of all types of medical supplies and everything. even a hazmat suit is a bunch of stuff in this bag. and anyway i remember feeling like i need to take care of whoever needs help out there. and when it came time to actually help someone, i initially did not want to help them i though

actually , jesse , wha i was iff georgia does the same thing it did last time and you don't know who won because nobody50 gets 50%, then it's anothertheni montt'h. imagine this agony being prolonged as a georgia special republican made georgi- a point her, although i still believe,st obviously, that the republicanls will prevail in the house, will have divided government. i and i believe that that's why the dow is marching on .what because what investors like divided government, because divideikd government can spend money the way the bush administration did.y the way th fifty one to fifty on o twenty six votes. n 26 >> i was going to say it was the earnings reports that came out today. but you might know better than i . kennedy, what do you thinknedy about the midterms? no, i think geraldisoabout is absolutely right aboutht thaq . it's very interesting watching this momentum shift so quicklyl c a w ,seeo close to the midterms, because even a week or two weeks ago, democrats weree mo incredibly confident about the momentum that they hadthat t .eveloped from august onward and , you kn

one , iff yoze dru to legalize , which is what my opponent fetterman has advocated for, you will driveu up homicided rates and drug overdose death rates. and that's fact th what happened with the oregon 2020 law. they decriminalize drugs and not only drug overdose deaths, but homicide rates wente up because you have lawlessnesrs .ssness. they also pointed out something that stunned me that i didn't , but they said you can go around the corner from our church and buy fentanyl. it's easy to get an affordable you can't find baby formula anywhere. we havaffordablee abandoned oure these people have real needs.es. we can address them.epublica we have solutions. republicans are the party ofpart ideas. that's uses ideas to addressno these these these folks, not just the inner city blacer ck population, but many otherroup ethnic groups and groups that are underserved in america. d grou underserved want to be republico they share our family valuesy va and we should as sure engagek, them to reflect back , engagem. and works. dr. oz >> dr. oz, thank you for comingh on tonight's great to see you. n

of this theme of the international monetary fund and the international command is the force of the iffthan the president, it is noted as well. we begin in one hour into the moment. he taught a course at the blue school chicago central bank, what is the fact right now for jay powell? >> the fact is central banks are in a bad situation. they have started late in raising rates. you could see already some trends breaking the price level. since late 2000. they focus on the inflation rate, elements that have gone up strongly and now the central banks are doing a test to catch up with reality. there is some risk in that. i now if you monetary policy as an independent risk factor. i think monetary policy has a way to go. i don't believe the current inflation rates will come down. there are -- tom: there are so many ways to go, do we need to abandon the 2% level? it is something traditional economics is comfortable with but part of a dilution to move from a 2% level of inflation toward a 3% level, is that appropriate? axel: that would close the credibility of all central banks if they were to d

the iff says it is not possible to liver that by trimming the fat and it would require major cuts tomean tens of billions of pounds of spending cuts in order to achieve that. it is hard to see what other way out of the chancellor has. our business correspondence explained more of the financial position the uk is in. what we have seen over the last few daysis what we have seen over the last few days is the interest in government bonds, the yield, rising. that figure also affects what people will pay for fixed rates figure also affects what people will pay forfixed rates mortgages figure also affects what people will pay for fixed rates mortgages for example. this is happening because these bonds are owned a lot of the time of pension funds. the prices are following in the circumstances those pension funds find themselves in is they need to sell of government bond holdings. that is reducing the prices even further. to avoid a fire sale, what we saw two weeks ago was the bank of england�*s stepping in and saying it would start buying up these bonds to keep the market in a more orderly e