that is all there is. that was president trump talking about the trade war with china at a rally last night. as we head into the next hour, let's check on your markets. stocks are down. trump is reigniting trade fears are looking at the sectors that are moving -- insulation technology, disk -- consumer discretionary down 3%. down 2% benchmarks after japan moved its neighbor. south korea also vowed. coming up next, tom keene joins me out of new york. don't miss it. this is bloomberg. ♪ francine: ramping up the trade war, president trump announces a 2% tariff on $300 billion of chinese goods. beijing vows to retaliate. -- the next big thing to watch, the jobs report. and the u.k. prime minister's majority is cut to just one after the anti-brexit liberal win by election. this is bloomberg surveillance p i am francine lacqua in london. tom keene is in new york. extra data checks, more extensive data checks looking at the sectors because they tariffs kind of came out of nowhere, 10%, and hit the markets quite h

it is not lincoln who is president. it is jackson. he was on the 20 for at least another 10 years i hear. economicshi one of the things that we look at the civil war. it is right from the first battle. we have troops getting delivered by rail. it is a modern war. we have railroads. we have railroads.. a railroad. there it is. we are not in the world of railroads. nat turner was not that world. here is a map of road construction of the united states by decade. in 1830 there is nothing. and then there was like three dots. here are some thoughts by south carolina we see how advanced pennsylvania is. there are no railroads. by 1860 the nation will be crossed by railroads. not crossed all the way but by 1867 it will be crossed all the way. railroad construction will explode. what they do have a sense is coming is the cotton revelation. in 1793 there will be a tremendous increase. as we move from to being able to do short staple cotton. throughout the land of the south. cotton production is going to boom. the bottom one is cotton production

what he is doing is he is suspending parliament when it should be sitting because he is determined tothing for which he has no mandate at all. sterling has fallen in response to the announcement. it lost around a cent against both the us dollar and the euro, due to increased fears of a no—deal brexit. good morning. welcome to bbc newsroom live. the queen is to be asked by the government to suspend parliament days after mps return to work, and a matter of weeks before the brexit deadline. parliament will return from recess on the 3rd of september, and could be prorogued — or suspended — only a week later, on the 10th. that's expected to make way for boris johnson's new administration to hold a queen's speech laying out the government's future plans on m october. but it means mps are unlikely to have time to pass any laws that could stop the prime minister taking the uk out of the eu without a deal on 31 october. john bercow give his reaction in the last few minutes, branding them as a constitutional outrage, and saying it was blindingly obvious it was intended to stop mps debating brex

it is not coordinated in the sense that there is a planned, this is your job and your job, it is that everyone is moving their boat in the same direction. everyone knows where the goal is. in individual lanes, they will drive toward the same place. challenges. you all probably know this -- sorry about the colors. press freedom has declined in the world. journalists are being targeted. authoritarian disinformation, and the decline of commercial journalism. you can see what i wrote here. someone asked me how radio free asia is doing. it is fantastic but i have more journalists in prison today than i have ever had before. more family members have been disappeared or held to pressure our journalists than ever before. our sources are in prison. people we profile are in prison. it is a very bad time. this is a great graphic done in our freedom house. these are selected cases of what china has been active in doing. you cannot read it so i will talk about some of these. the top left corner is in sweden and russia, where the chinese have harassed and threatened critics of china. in germany, th

vonnie: is the bond is bank -- is the bond is bank -- is the esbank as political as others? anna: german banks are generally independent. guy: germany probably sticks to it more than most. nevertheless, you have to ask this question. bundesbankuld've the prefer negative rates, or fiscal stimulus? that is a tough question to answer, isn't it? anna: i think from a central banker perspective, he's rather facing a choice of more negative rates or more qe purchases. fiscal policy is left to the government. before, theentioned central bank independence, this is outside of his mandate. guy: he also used to be a chief policy advisor to angela merkel, but now head of the bundesbank. they probably talk to each other. if the ecb is likely to deliver fiscal stimulus in december, today probably augments that idea. my question is, is it going to work? is more monetary policy, is more qe, more negative rates actually going to do anything for the euro zone? guest: i think this is a question they are asking themselves as well. we do expect them to deliver easing. there was a clear message ou

if the dollar is stronger, em is weaker.e who focuses on emerging markets, what are you doing with your time? on just avery focused couple of markets that we think look reasonable. turkey, the politics are horrible but the economics are headed in the right direction. mexico, similar. there is not a huge amount to be positive on at the moment. areline: u.s. dollar, you resolute, will remain strong. earlier today, we had someone saying there are opportunities in emerging markets. tech.s calling on chinese are there idiosyncratic opportunities within certain countries or do you have to take a broadbrush approach? paul: bouncing back from a very nasty crisis last year. mexico, quite similar. broadly speaking, when the dollar is strong, em is weak. asset class, we are not hugely enthusiastic about. joe: let's talk about turkey. at one point, you were negative .bout turkey . when you talk about the economic signals, you can't argue the economic data. what are the indicators that you like to look at that allow you to feel comfortab

i think that is where the constitutional law is. i think it is hard to hear or see that kind of overlap in that area of agreement because extreme voices drown out everybody else with screeching, , ifthere is a big middle you like, here, which constitutes both where the law is and where most americans are. the constitutional right, you can live with that. you can live with heller. thean do more to expand regulatory space it leaves, like things like expanded background checks, extreme risk protected orders, targeted laws focusing on at risk classes of arms. that should be shy of the constitutional litigation. >> i am not sure that everybody would agree with the preposition of there should be more is.lation unde than there there are regulations some jurisdictions don't have that are fine regulations that jurisdictions should have. i also think there are many regulations that many people do constitutional, but to me, there absolutely is overlap about the issue of, there are ways you can have regulation that is consistent with the second

or is a type of diplomacy, as it is said, war is diplomacy by other means. diplomacy is also conscious of power and how one can get what one wants. the question becomes, under what conditions in he talks between ben and the u.s. can productive? here comes the issue of what the united states wants, and what iran is willing to get. why don't we call it the way it is, what is it we are complaining iran is doing, iran's nefarious regional activities? the most important problem is i think iran's attitude toward the arab-israeli conflict and its actions within the levant, whether it is support for hamas, to me, it is unacceptable talk, although it is talk about israel but does not have a right to exist politically, or in the middle east, and so on. these are the main issues. . i think there are a lot of tensions in the persian gulf that derive from that. this has always been a connection between the levant and the persian gulf. anyway, i don't want to go too much into that, this is a problem of age, too many historical memories. i think that as long as iran is not

tom: 75 is because at this moment, this is what the curve is telling us. 75 is required to bring the fed funds below the five-year. de-escalation,de i think the rate structure is going to change because buying safety in the u.s. is going to alleviate, so i think rates rise, and that is bullish for stocks. that would change what i perceive as required fed cuts. so i think it is a dynamic question. last year, the central bank was really an obstacle in the markets' mind, because we were talking about autopilot and cuts far away from neutral. the fed has completely changed its camino patient. i think that is a positive -- it's communication. that is a positive, i think. vonnie: we have to leave it there, but it is great to talk to you. tom lee, fundstrat global advisors head of research. we have breaking news now. the queen has approved the plan suspension of parliament. this is boris johnson's strategy on brexit. it has been hitting the headlines this morning. it means that if parliament is suspended, boris johnson could potentially go ahead with a no deal brexit scenario. there are som

i think it is the same dynamic is the dollar. it is a safe even -- a safe haven.uke: we might as well mention auctions here because it ties into the hunt for yield, how there's this big bullish options hedge. whatever the case is, it is essentially a bet that the 10 year treasury yield might go to 1.45% at the end of the week. what i'm wondering, is this the kind of response you get on a dovish powell with rates sinking, or a more hawkish powell, where you get the twist we saw october 31? vincent: i don't think it is talked about enough, when you have the 10 year yield at 1.6% and the people talk about inversion and worry about a recession, it's clearly because the short-term are too high. not because the long-term rates are too low. if you look at the natural rate of fed funds, it is something like 40 basis point above where fed funds is now. so there is a pretty clear argument that fed funds rate should be 50 to 75 basis points lower. were you to have that, you essentially have the 10 year yield at the natural rate. so the lower end needs to come down and maybe

this is small, but you can see on the left is what is there currently. here is what we would like to propose for the house to make it into a house for a modern family. this is the west elevation which is really mostly hidden from the street. this is the existing conditions. when we were here this did not mimic what is there currently. the new proposed elevation is here where we made vertical windows divided similar to what may back did with the original house. this shows the section of the stairs cutting down through thee port i co to the lower level. there is a place for the kids here. this is the triangle that connects the two-parts of the hold house together. last we were here it was white stuck co. this is to maintain the profile of the existing roof. just a closeup of the stair area coming through to the driveway. as mentioned the railings which were metal are now wood. we picked up on the proportions and detailing of may beck in the gothic type details. those were metal before. a have you of the back of the house which is untouched. this is a secti

and then, the end goal is nationwide interoperability that is patient centred, and that it is enabled -- from individual patient scaled up to how we manage and care and improve the health of our communities and populations, and really use that data to go from data to knowledge and knowledge to wisdom, insight insight and real , true predictors. so it is just a map of where we are in terms of nationwide health information exchange. in 2004, the onc was formed and set up a national network, and that was really meant to give people access to the v.a., and social security administration. over time, is a technology got more advanced, and the user became more advance, through standard based exchange, which make it possible for information to really be portable across the continuum electronically, that has morphed into a national network called the health exchange. at the time that the e. health exchange was stood up and really what is happening with the majority of healthcare organizations across the country , they exchange information, care summaries, and other clinical data. some other ne

this is the before, this is how it is today, and this is what the project sponsor wants to do.u may recall that a year ago we had a similar thing, and the neighbors called it a crows nest , that fourth floor that was a very little thing on 2302 -- on 2302 clifford. we don't need to have over 4,000 square feet, four floors, an absolute anomaly for this part of the valley. particularly if you ever pass by ongoing 26th street. it is a very steep street. if you get on top of this street , which his properties very close, you would not even be able to see the fourth floor. think of it this way. this is almost 9:00 p.m., we are here because we are trying to get you to eliminate 366 square feet. this is a drop in the bucket. please consider admitting that and please give us the front setback that the other d.r. requester has asked. i think it amounts to 188 square feet. again, we're talking about chump change when you're dealing with big projects like this. i wish that neighbors were more considerate in terms of when to do their buildings. think about the people that you are going to

that is the key thing here. what is critical is how they support the market.nd to the extent that they support the market and financial conditions, the slowdown in deviations that go on, and we slowdowndecember the -- the economic deterioration that goes on, and you saw last december that the market went on, the reaction in december and january. romaine: when we were told it would follow the cliff and armageddon was coming, when you look back over the last couple of years, is it as bad as it seems today? alicia: the u.s. economy is doing well enough, in the 2.5% range, which is actually pretty positive for risk assets. i will say this. the trade war that started a very slowlyalf ago, started to hit the manufacturing sector while the services sector held up and the consumer sector held up. what you are starting to see here is that is starting to bounce into the services sector, ad it is true but if we get 10% correction in the equity market, we will see some downtown in the retail space, sales, and consumption, but again, it is transitory. it was transitory bef

this is a very hard line in the sense of the exchange rates. 7-1, that is what it is.ter into consumer inflation here. we want to thank michael of the eurasia group. you can catch larry kudlow tomorrow on the open at 9:30 a.m. eastern time right here on bloomberg. this is bloomberg. >> just to recap several earnings that we have. app falling.t missing on both revenue and eps and cutting the full-year revenue forecast. caroline: the third-quarter forecast is not looking pretty even as they sell caviar to doordash. >> interest is arriving. this is a stock that had been pretty much range bound after having a pretty phenomenal ipo back in april. >> even as it raises outlook for the second half of the year. meanwhile, we have to move on. the stock report comes out at 8:30 a.m. eastern. that is it for what it do miss -- what'd you miss? romaine: bloomberg technology is coming up next. this is bloomberg. ♪ ♪ emily: i'm emily chang in san francisco and this is "bloomberg technology." coming up in the next hour, trade tensions rise. president trump will impose a new 10% or up o

the biggest problem is summed up , the problem now is there is no end in sight. there is no end game for the protest and that was exacerbated according to the protesters i by theef executive's, -- chief executive's comments. there has been nine weeks of violence and she says it is going to be a dangerous situation. she highlighted the risks to the economy. the pmi plunging to the lowest since march 2009. that is in the throes of a financial crisis. hong kong has four main pillars and two of them are in retail sales. they are getting hit. retail sales plunging 6.7% in june. the stock market here, the index down today, nine straight sessions. down 10%. the longest streak since 1997. i have to emphasize, there was no new solutions from the government in the press conference on how to this protest. no end in sight that is why there is a lot of apprehension. francine: i was going to ask you, how does this end. either carrie lam steps down. >> she says she will not step down. she has a responsibility to keep this going as the chief executive. couldys the protesters des

what is interesting is that u.s. will continue to be in demand, especially with all the negative yield everywhere else in the world. caroline: for once, we saw a little bit of a selloff in u.s. treasuries and buying still on in the u.s. equities. up 1.2% on the s&p 500. not as stellar as friday's run, but every single industry in the that 50 day moving average. >> most of the strategists i talked to talked about 2300. you wonder, are we fully now fair valued? how much more do we have to go through year end. romaine: let's dive deeper into the action with markets reporters. abigail: energy, checking in on the technicals. in the near term, there may be a bigger pump. about 30%.ugh, down what might be encouraging for the near term, the rsi coming off the bottom. we could just see the energy up.or pop back whenever you have one set in a bear market, it typically is not good overall. pop-term energy may just bullish lee higher. the rally -- in brazil, the worst performance of a major etf. the real was one of the weakest c

what awant to explain strict prostitution is is? -- constitutionist is? >> no government, very lax on personal liberty but also very interferingrty, not with property, slavery or -- isf. slap: not interfering early on in the antebellum timeframe. even more generally you talk about strict constitutions, does the constitution say you can do this? if it doesn't, you can't. the broad would be, will it stop me from doing it? ok, i can do it. here is the strict construction of the constitution going whether the law is what they are saying, how can johnson interpret it? lincoln play fast and loose with the constitution ,ervades even until this day like historical interpretation. i propose we take a look not at one or two incidents but travel from the antebellum all the way through reconstruction, looking at abraham lincoln and andrew johnson, what they said with the constitution, what they did with it. knownk we will find -- i because i put this together, is at the end, abraham lincoln in many ways have a stricter construction of the constitution, has more rever

that is what is going on.eeing people look ahead and say if trade war continues, if that does not get solved, it finally gets to the consumer confidence in the u.s.. business confidence has come down. they are more worried about what is going on around the world. >> what should the fed do? why don't you join that chorus. what should he be doing? >> one thing he does not need is one more piece of advice in this. he has been clear they are thinking about this in the growth periods of the 90's to make financial conditions a bit more accommodative to accommodate the longest growth time. they don't see anything we do not see. what they should do next is watch the data. people are over reading the negative sides of what they see. they need to prolong and create accommodation. this is the longest recovery ever. keeping it going in the economy takes help. kailey: coming up, more of the week's compelling conversation. perspectives in the u.s. china trade war from the vice president of the philippines. and work for the

is three. i have questions whether this actually will get built, given what we know what this project looks like today. it is going to take a lot to go through that process and rebuild that. people will have to apply for permits to do it. this is just the first step. we want to investigate and fix our process with d.b.i. and we can also do that. >> i think i don't want to continue this. i think that what will happen here is that we will title this for three units, which is what we want, and i think the project sponsor will try to sell this, you know, i think that is what will happen. i think that given the press that this project has got in and the conversation that we have had here and the relationship with d.b.i., and everything that has happened, i don't thank you you're likely to get the money that you were hoping you are going to get selling it as a single-family house. i do think for that, this has worked. i also don't know that this project is buildable as you have presented it. i am not

that is what this is. it is not just racist or undemocratic, it is a crime.ho would have known that it happened? because they did not require disclosing the ads that have been bought in real-time, so nobody knew about it. that is what we are talking about with the honest ads bill with mccain but now lindsey graham is the , lead republican on it. but guess who doesn't want it through? mitch mcconnell in the white house. i bring these things up because they are not presidential 20 -- they are not presidential 2020 things, i will get them done, but i know you are good citizens and you will care. so how do we win this? the number one concern for everyone. number one, we take this on with an optimistic economic agenda. i have given you my ideas. second, we take this guy on by standing our ground. when he says racist, horrible stuff. yes. but sometimes, when he just does his normal weird stuff, you just ignore him, ok? he wants to capture the news cycle every single day. he wants us to go down the rabbit hole with him every single day. the third thing is yes, you u

the other challenge with it is, and this is why it is really on his turf, is that he only answers the questions he wants to answer. if you are in a formal press conference at the white house, the president chooses who he calls on, and certainly he can pick reporters who vehicle ask will ask him as question he wants to be asked, but he doesn't actually get to pick the questions. whereas out on the lawn, he gets to pick the questions, and that gives them more power over the situation. >that i have covered multiple comparison, iin am also struck, why is he doing this? any professional staff would have thought maybe do it once a month, but not every time you're why ito the helicopter . why i say that is why it does not work effectively for him all the time. what i've learned from covering the presidents is that the president may feel like he is penetrating and piercing the wall and directing the coming occasion but he is also creating a really muddled message. we have talked about that in the press corps all summer. usually the congress vacates washington, and the president gets all this

i think it is obvious because it is obvious now.ld be obvious in law with that what a lot of us to do in law enforcement is risk management, and there will be like it or not occasions when there are bad results. policephiladelphia commissioner richard ross junior expressed amazement that the standoff which began when officers attempted to serve a drug warrant, ended with no winded and no threatening injuries. he added the situation could have been far worse. nasa scientists are flying over greenland to track melting ice. warmer air and water are eating away at greenland, causing it to lose billions of tons of ice daily. nasa wants to know if water is playing a bigger role as scientists have thought come in meeting sea coulds be rising faster than expected. global news 24 hours a day on air and on tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. joe: the inverted yield curve raising fears about coming odds aon, and increasing downturn could crush p

the captain who is the manager of the unit is not here today. i would like to go down with this response. they respond to up to 20 fires in a month. zero five prevention. what i have before you on the slide is a breakdown of our sections. captain harold is here today and manages our plan check section. about 1,000 plans plus a month. districts, captain matthews is here for districts. or team is, if you look at the lifecycle of the construction project, the very end of it is the field inspections. her team goes out to see that all the work is done per plan and is per code. her group is the last to sign off. fire permits, those are operational permits. there's about 42 of them in the fire code who regulated activity from the fire code. we process about 4,000 of those a year. high-rise, we have a high-rise section. that is all under captain mary shea. we have five high-rise inspectors. we inspect every high-rise once a year. there are 622 of them. fire complaints, that is a new section that we have launched over the last couple of years, no speak m

it is notjust about regulation, is it? it is also about sense of identity.friday peace agreement established was this kind of flexible approach, you could be irish, british, you could be irish, northern irish, it didn't matter in the way it had done for so many yea rs. the way it had done for so many years. yes, and there has been a flow of people back and forth over that border. there are people who commute, there are people who head to dublin are to belfast for shopping, depended on which currency is beneficial. there has been this change of culture, and i think people are very anxious that that will change again, and will revert to what it has been. and i am hearing from people i know in northern ireland about reports of violence again, which we are not hearing about, particularly, in the uk. but it is they are under the surface. and the fact that we haven't had a proper government in stormont for so long must add to these problems. exactly. that is the other aspect of expelling to people. as well as brexit, there is an internal issue, that is that the as

this is important. this is how our organizing is going to work across the country. that you talkds about where the country is headed, but they don't believe voting matters. they will be more likely to respond to you urging them to get involved than anybody on television telling them to do it. this is really important. if you care about the future of this country, and the longer you are planning to be here, the more you have at stake. during your career crime, if you care about this stuff, you have to call others to be part of it because our views are popular. it's just that we don't always vote. change that, and everything changes with it. good luck in your studies. yes, ma'am? [inaudible] how will we protect a woman's right to choose? i will appoint judges that understand freedom includes the freedom to make your own reproductive choices. i will make sure that we have legislation that response when states try to take that right away. the right to choose could be gone by 2030 if we don't act. i will not let that happen as president. [inaudible] >> thank you for rais

will make a deal when it is ready and china is desperate. how true is that?as you said, it was confusing over the weekend because trump suggested he may not even grant this extension that was granted today. again, it is really mixed messages. it is hard to tell where these talks are at. huawei was never part of the official talks but more of a wink-wink type of situation. the broader issue of huawei and really opening up and allowing those big companies to do business with huawei, get those special licenses on a broader scale, we are still waiting. it was always tied to agriculture purchases. that is what we heard all along. china has halted those because of the trade talks breaking down. the two sides are speaking. low-level talks going on right now. they are supposed to meet in early september so there is no room for progress within those talks. there is a window right now. you know, i'm sure huawei, these licenses are part of that. emily: the administration officials did outline next steps for talks over the weekend. what actually is coming next given the

is that correct? >> that is correct. my understanding of the zoning code is nursery his, community gardens, one that is less than 1 acre is permitted. more than 1 acre requires a conditional use, but it cannot be a manufacturing farm, so can't be a commercial business. that is my understanding. >> okay. so i think that gets to ceqa. given that my understanding is there are pesticides on the site and they -- i seem there has been an initial study done, or maybe not. has there? [laughter] >> we are in the process of doing ceqa review on the housing project. it is my understanding that we are still of the preliminary stasis -- phases of that. there hasn't been a full study on what the hazards are on the site. my understanding is we don't think that there are other significant and unavoidable impacts for the housing project that would require an e.i.r. except for the demolition of the historic resources at this time, but there are also various requirements for cleanup and rolling and other processes that the department would

the big signal is china is finding other markets. . the flip side of that is the import picture, which is stronger than expected. we were expecting imports to fall close to 10%, instead they only fell by 5%. that is a sign of resilient demand in china. the chinesethat economy is managing to whether the trade wars. the question is how will the u.s. consumer manage it? let's get a kevin cirilli at the white house. it seems mitch mcconnell is increasingly in the crosshairs on gun control. kevin: he is getting pressure not just from democrats but from republicans, particularly on the issue of whether or not to bring up to the floor bipartisan legislation on red flag laws put forth by lindsey graham and richard blumenthal. i'm told by republican staffers on capitol hill that the leadership office is waiting to see what other consensus builds on these issues pertaining to mental health and perhaps other areas. one issue that will not be included is an insult weapons bans. -- an assault weapons ban. david: based on your reporting, are we look

woman: this is "bbc world news america." is made possible by... the freeman fountion; by judy and peter blum-kovler foundation, pursuing solutions for america's neglected needs; and byibutions to this pbs station thank you. laura: this is "bbc world news america." reporting from washington, i am laura trevelyan. the u.s. federal reserve cuts interest rates for the first time in over a decade. president trump tweets his t spleasure it doesn' far enough for him. the first night of democratic debate in detroit was a battle for the direction of the democratic party. now it is time for round 2. sen. warren: i don't understandd why angoes to the trouble of running for the president of the united states ju to talk about what we can't do and shouldn'for. laura: plus, an unlikely tourist destination is pulling in the crowds. whywn is one ton the austrian alps suddenly so popular? laura: for those watching on pbs and around the globe, welcome td "wews america." the u.s. federal reserve has cut interest rates for the first time since the financial crisis of

the imp is, as you know, is a summary of what the academy is doing, where it is going, and what it's plans are for these two images are really the most important part of the story. what the academy is doing is vacating nine properties, many of which were at the request on negotiation with the city, based on their location. we are vacating properties in the north beach area, in particular and consolidating against the vanness quarters. there are nine buildings, three properties all in that court order. all of which have good ties to existing academy uses in in that corridor. the current fashion school, we are adding a new building that is added to the fashion school for the fashion program. rather than having students travel across the city they will be able to walk a short distance to the new fashion building. there is a housing metering provision in the develop an agreement that you will see, it will come to you that it requires the academy provided for its student population. i think it is important, as a preview, currently the development agreement as it is written and will come t

is that realistic? >> i think it is hypocritical.e, of all people, should just stop radicalizing people. he should stop the racist, white, nationalistic or supremacist, actually, talk that he does using the internet to spread those messages and enable those terrorists. emily: let's talk about that. how much do you think this is a trump-related thing? he retweets right-wing extremists, he does not call for gun restrictions. instead, blames social media. how much is this really social media's fault for letting things get out of control? >> it's a mix, it's always complicated. obviously, he has a huge role in spreading these messages and in normalizing them. but the media, both social media for amplifying and allowing him to violate rules and amplifying him, and also journalists are amplifying his messages. looking for those clicks and attention and pushing out stories that amplify some of his messages of hate. emily: the former u.s. homeland security secretary michael chertoff had this to say about what he sees happening online. take a

that is the choice you have. i think that is why. . it has driven it yvonne: what is your take on the collapsing yields we have seen already? have a bond traders gone crazy or do you think the fed is behind the curve? jin: i tend to agree with the market. i think the signal from the market clearly shows people are worried about the world economy. the trade war, the china slowdown, too much leveraging in the system. it probably think takes a long time to have -- people are talking about the u.s. getting out of rates. i think that is a worry. it probably is driven why investors are buying a low yield. david: could it happen -- yvonne: could it happen, though? rishaad: all bets are off, aren't today? yvonne: san francisco federal reserve came out with a note, they were looking at japan and said negative rates have not helped, and has caused expectations to go down. jin: personally, i do not think that will happen in the u.s. maybe i'm wrong. but i think the pricing in the world economy because the u.s. dollar is a reserve currency globall

our movement is built on love, and it is. the united states right now has the hottest economy anywhere in the world. see, the bottom line is, i know you like me, and this room is a love fest. i know that. but you have no choice but to vote for me because your 401(k)s, down the tubes, everything is going to be down the tubes. so whether you love me or hate me, you got to vote for me. >> that economic argument ignoring the very rough week on wall street. and there is new reporting in "the washington post" this morning that aides have been giving him an upbeat assessment of the economy, that they haven't planned for the possibility of a recession, even as the president remains anxious and apprehensive. this morning we're seeing a sign of why he might have reason to worry. not only is his approval rating down in a new fox news poll. it also shows the president losing to four different democrats in hypothetical match-ups. biden, warren, sanders, and harris. we start with nbc's kristen welker who is traveling with the president in

us is where the problem is. >> jim, it is tim. i agree with you on europe we have talked about that. at what point do you think -- because did fed pivoted, the fed made an adjustment, the bond market has been cut in half. at some point the leading indicators that were leading us 18 months ago to where we are today, does the global die nami -- dynamic tell us we are supposed to go lower from here because we made a massive adjustment and as scary as it is to look at global interest rates where they are, and we could still say we're still in 2018, this is something we are slowly healing on. >> i think when you look at the bond market, you're right. it has made an adjustment around the rest of the world. that's why half of the yields are negative, but the u.s. has been slow. the only thing that's come close to the all-time lows is the 30-year. it essentially touched it today for the first time so our bond market is now the problem we face, is it is out of line you know what one of the highest interest rates in the developed world righ

is.> it is the biggest five-day drop since the debt ceiling debacle back in 2011 for the 10-year. that move is nothing that speaks to how entrenched the lower forever stance with regard to policy rates are. if that is the global backdrop, then it is just a matter of time until that continues to weigh on the u.s. the data we are getting are simply telling us that, hey, not only are we having this trade war but the global economy is in an even worse position going into it than we have thought. >> u.s. 30-year yield closing into their lowest level ever. negative yields in the u.s., what would it take for that to happen? >> probably not around the corner. i think what would take is a serious downturn in the economy. a recession in which the fed will take the rates all the way down to zero, will restart qe. i think at that stage we may well macy negative yields -- we may see negative yields in the u.s. as we are seeing them in other parts of the world. >> the yuan rose after china central bank

is that your expectation? john: it is.essarily a deep recession, but the export sectors are in a deep recession. it is going to go back to spreading recession risk across the eu, and all the risk we have revisited since the e.u. sovereign debt crisis that was never really solved, just papered over by draghi's program of money printing. nejra: do you expect much of a reaction in bunds? we got to -60 yesterday. john: given what happened yesterday with trump's conversation, we had a little more of a risk on, maybe a consolidation. a thought we would see negative trend in german recession. i do not expect much from germany today. nejra: speaking of the risk on, let's get to the futures. yesterday we saw u.s. equities jump as much as 2% at one point on the news that trump would delay tariffs on chinese goods. our be getting ahead of ourselves, though? is it just a detente for further escalation? the equity markets are still getting a touch of a lift tear from that news, but we had worse than expected chinese data, and that is s

i would say it is not it is not going to work. friday, we had a surprise tweet from the president saying, having dinner tonight with tim cook of apple. they will be spending lots of money in the u.s. great! after that dinner, the president told reporters some of what they had discussed and that tim cook was making an argument that the tariffs give samsung an advantage because samsung products will not be tariffed as much as apple products. what more do we know about the conversation between tim cook and president trump? is this likely to sway the president to not put tariffs on apple and other products? mark: tim cook has been meeting with president trump and his administration for plenty of times since he became president, and this is not a political thing. this is a purely business meeting. it is cook's responsibility to do best by apple shareholders and his company. you have the tariff situation and tim cook needs to do everything to avoid this. they are going to put us at a disadvantage to a south korean company. one could thi

what is left, what is gone? the investigation is ongoing. epstein is nost longer. charged and also with conspiracy, so that opens up a range of possibilities for others to be charged. basis to we have any know how much evidence they have on co-conspirators, or whether they needed him to nail the co-conspirators? heather: the prosecutor has been for women in asking to come forward, as well as any other witnesses. it is very possible that they already have evidence from those people that have come forward. he reiterated yesterday -- perhaps saturday -- in a statement after the death, that he would like more people to continue coming forward. perhaps with his death, more people will be willing to come forward, that the fear factor may have lessons. david: on the civil side, those women that have come forward -- and we have some horrific stories. assuming that can be proven, do they have redress against the state, can they go for money damages? heather: one of the challenges is figuring out the actual size of the estate, where his assets are located, and going about th

there is a large technology component that is very nique. regis is in that space. they don't bring quite the technology that wework brings. most of their spaces are fairly well leased, and very positive comments. also, one third of their tenant base is fortune 500 companies, who use it when they enter a new marketplace, especially internationally. taylor: we've been also looking at other big tech ipos, uber, lyft. how much of an impact do you think the marketplaces on this given the volatility we've seen and the fundamentals you are ighlighting. at what point is this shaky given how volatile the market is? barry: you are spot on. this is not the market that uber ame public in. given the performance of uber, not living up to expectations, investors will be really scrutinizing big, high-profile ipos and their valuation. taylor: when we talk about some of the business models here, in terms of runway for growth, is this a u.s. story? ellen: they have been expanding overseas, especially in sia. i think they will be putting forth a strong international growth story. look

it is a great weekend to go and think about what is going on in the world and ask yourself, is that a good environment for stocks. >> but you think that actually the consumer is going to deteriorate that much between today and, say, black friday or today and christmas? >> i think it is so hard to know because we are at this crossroads if you look at the consumer confidence data, definitely rolling over but still somewhat elevated which way is it going to break probably depends a lot on what happens with trade i know it is going to be dicey i know this is going to drag on for a long time, but i still find it hard to believe that the president is going to try to torpedo the economy orator pe to the market heading into an election year. he knows presidents that are not re-elected it is because economies are not doing well maybe i'm being over optimistic, but maybe it is enough to keep confidence levels where they are. >> it gets down to this. we know there's no consumer discretionary sector it is 62 stocks, 10%, 11% of the s&p and yet five names are half the way. you know the names amazo

there is? -based, which is basically a? out and find and request, and it is a whole, and that can be mediated to local, regional, or state hio or h.i.v., and national networks, which will really speak to largely, is that is the paradigm where we are now that it will give us the scalability of really transforming care. and then there is consumer mediated. that is where patients, you know , a common example is through a portal, they can aggregate and assemble their own information and direct it. i do want to call out, i'm not being an apple fan here, but apple kicked the door open in terms of patient engagement and patient control of their own information with the apple health records. what they did, by using -- emerging and new standards, they made it so that the patient has control of all their information that they get through the portals, which is independent or agnostic of the platform, it is being used in the care setting, so if you are being seen at dignity at ucsf and stanford and sutter and kaiser and you are enrolle

it is a physical game that is very difficult.ill never fault someone for deciding, i'm not doing this anymore. vonnie: given that tom brady is the example on the far end, being able to play into his 40's, it may be nice to have an example of somebody stopping before their prime. >> whenever players retire early -- and andrew is probably the most stunning we have had. more is the question, are players going to walk away from the game because of how physical it is? i wonder if owners are taking note of the fact, it he is doing this, others may also. vonnie: it will be watercooler chat no doubt. major indices up 1%. this is bloomberg. ♪ i'm all about my bed. this mattress is dangerously comfortable. when i get in, i literally say 'ah'. experience deeper rest with the award-winning leesa mattress. this bed hugs my body. i'm now a morning person. the leesa mattress is designed for every body. providing strong support, pressure relief and optimized airflow to keep you cool. hello bed of my dreams. order online, we'll build it, box it a

but it is, it is interesting.an here is that november : photo in korea with the presidential plane -- we don't see much of mrs. trump. doug: the first lady was on the trip with us. at this point, they had two separate schedules. we had no idea they were going to depart. we don't get those kind of details in our schedules. the president had gotten off the plane, the world leaders were there, politicians, members of the diplomatic corps, they were reviewing the troops. right at the end, the first lady came up and gave him a kiss. she went one way, he went the other. we were asking where she is going. they said she had a complete different schedule than the president does. that is how that one came about. brian: at the uss arizona in hawaii, the first question i have for you is how did you get this picture, because there is a gulf between you and the president and the first lady? doug: that is at the pearl harbor memorial. it is an amazing place to be. i don't know if you have ever been there. it is solemn, dramatic,

this is part of what the book is about. why is that? we hear about drug-resistant bacteria and fungi and then we find success with the fda approving a new drug. that doesn't go to the shelves of your hospital or your doctor knows how to prescriber it ort that it will ever reach you. i was flabbergasted. why? what is the reason? more importantly, what is this mean for future drug development? one thing that people don't recognize there is a formulary committee at each hospital they decide what drugs to add or which ones they will not use. they are able to buy in bulk based on making specific deals. at my hospital we use love for ofloxacin but not its sister drug but some coming out are so expensive that the farmers loan - - the pharmacies in the hospitals cannot afford to useim them.. i thought this was a fascinating conundrum and my book is about a new antibiotic that was approved by the fda may 2014 and did not go anywhere. i didn't go to my hospital or any in my community. the reason is the company wanted to charge thousands and thous

economy is at risk, that is the real question.onventional tools will be discussed again very much here. again, we are not in a great recession, not in a financial crisis and every central bank in the world practically seems to be talking about them, but is there really that much you can do now with quantitative easing? particularly if your goal is to boost inflation. >> forward guidance did a lot this year. look at what happened when the stance was shifted to "we are pause." cause." -- this happens with lags. we are just now seeing the effect of that forward guidance on the actual economy. let's give it time to see how it plays out. do i think the fed can prevent visitors cycles from occurring? no. will still have business cycles, but at this juncture, can they help extend the expansion a bit? i think so. kathleen: it feels like we are yields, world of low low inflation, maybe low growth. what does that mean for central banks? >> i think we are in a completely new paradigm. we have never before had this mixture of increasing on je

one is, the approach is it is health centric. you work with the carriers to work on the pain points that you are getting into, your strategy accordingly. on the other extreme, approach number 3 this is a complete carveout where this is handed to a vendor and some of the processes, maybe it is utilization management, care management and a bunch of the other processes and services that we referenced on the other pages, are simply put in the vendor spot and somehow it interfaces with the vendor ecosystem because of interoperability. i will stop there and see if there's any questions. >> i have some experience with this over my 32 years in practice, and it all makes sense i see these different approaches it's just there is chaos in terms of each health plan and all the tries to find vendors who understand the change. we just heard that blue shield opened up the hospital system, so how does that information -- how quickly does that information get transmitted to a vendor in this situation, and then to the subscribers, and that is a ma

is required.e will hear from the requester first. >> i move to affirm that this has been reviewed. >> yes. commissioner, have you had an opportunity to review the materials for the hearing which took place on june 26, 2019? >> i have, and i'm ready to receipt -- proceed. >> thank you. is the requester present? okay. is the permit holder present? >> would you mind, terribly? i'm sorry, thank you, i appreciate that very much. let's move onto the next item. if the requester his not here then we will move forward. >> okay. the next item is number 5, jurisdiction request. i'm sorry, sorry, the requester is not here, so we are moving on to item number 5. [indiscernible] we will come back to it because we're we are missing one of the parties. thank you. item number 5 is a jurisdiction request. the subject property at 1412143 albion street. the requesters are asking the board take jurisdiction over building application number 2019 which was issued on may 13th, 2019 by the department of building inspection

why is this? it is a bloated budget. the world we will fight in the future will increasingly depend on innovation. we need more advanced technology. a bigger budget will not improve our national security if we keep providing adverse incentives. incentives are important. a larger budget would do nothing to streamline the pentagon bureaucracy. i have one final question that service must answer. if our current levels of spending aren't proficient, what level is? and why? how much more do we need to be taking from future generations to ensure adequate security? on may 15, the heritage foundation stated we needed a 3%-5% growth. by the end of trump's third term that would be over $1 trillion. how much safer will that make us? our defense spending is almost equal to that of the next eight highest spending countries combined. five of those countries are our allies. would additional spending make the average american any safer? one of the best things america can do for its nationals rudy is to remain the world's economic powerho