nothing ithere is know that is of value that is not in those books.i feel good about this transition. i don't think anybody has paid more attention to transition and been more transparent than we have. organizations have leaders that are not talking about transition and are not transparent and do not like the rules? i worry about them and not us. book will next contain the bridgewater investment principles. it sounds like you are going to give away the recipe to kentucky fried chicken. why do it? ray: these are my economic principles. this is like a 30 minute video i give on how the economic machine works. basically, most of all of the important things i think are in that video. host: this will be similar. ray: a more complete version. we don't have the precision of the calculations or anything like that. away you are not giving the algorithm? ray: i'm giving way to concepts. host: bridgewater was one of the few hedge funds that made money during the crisis and that turned ray into somewhat of a guru. you talk about your dialogue with mario draghi and

ithere's much doubt the left wig and the democratic party i can't associate myself in as much about the right-wing that i can't associate myself with, so i am the middle. i try to do my appearances on fox news. america in th and the age of trp tries to form commonsense bipartisan solutions to the problems that we are facing. and i would argue those problems are getting worse and they are to a great degree made worse still by our political leadership. first, let me start with the president. i have two problems. philosophically, i disagree with a lot of what is tried to do. much of what he has proposed to do is in the realm of reason. i could disagree as i do with his healthcare plan. i might not support from what's been released his tax reform plan. i probably would have appointed a different supreme court judge justice, but let's be very clear. everything the president has proposed is in the realm of reason and can be considered and negotiated. we will get to that in the secona secondof what would rich. and i would dare say president nixon would have approached things very differently t

there ithere's kind of an interg story edward carrington got to the convention and was already filled so he stood outside of a window at st. john's church and heard about liberty or death speech and at the conclusion pronounced to whomever was around that he b need be buriedn this spot. and 1810 i think his family remembered that and that's where he's planted. [laughter] he was at critical moments in history where he made the difference. he was an orator and so i guess maybe if a space vehicle gets far enough away to pick up sound waves that have been traveling around for more than two centuries it is only under that kind of circumstance we would have any record of what he actually said. there were no tape recorders were video cameras and the like. what we do have hi this testimo, and i think that carrington's burial place is one form of testimony. people who heard henry and were impressed with his ability to communicate. i attribute his communication skills in a nutshell to two things. one, expected and perhaps another surprising. he was very much influenced as a young man by the pre

think it's rlly important immigration works is ithere's any incentiv any reward for bad behavior, thisurs it on. we need to send an unequivocal, benefits. cheryl: but the timing of all this has gone the more complicated, nick, just to be fair. if you look at immigration, daca started in 2012 under president obama. if you look at the numbers since then, there have been 120,000 texans affected by this program. still the texas state attorney general says they will sue, they will go after the federal government as early as next week if they don't end the program. this is a very heated debate, if you will. >> look, it is heated. there are lots of things to consider, cheryl. no one is saying there's not a multitude of views and factors involved in all of this. the economy, of course, is going to be impacted, but at the end of the day, i think there is a larger issue at stake here, and that issue is america is a nation of laws, that without borders we don't have a country and something that kind of transcends all of the factors, all of the things that are influenced is. that there's nothing m

is ither thing we can say is not a complete collapse in confidence. feeling particularly negative 12 months ago, it has not exactly been quite the story of doom and gloom. absolutelys right. it is the uncertainty that will keep sterling on the back foot and the bank of england being cautious for the moment, because until we have greater clarity, until we get to a point where companies can think about the investment process over the next three or four years, how can they do anything? uncertainty is the worst thing of all. guy: next has opened up, 8% plus. the outlook statement certainly seems to be doing the business when it comes to the stock. a couple of quick questions. levels of employment we have we have not9 -- seen since 1976, 40 years ago. it is a discounting mechanism, but central banks are meant to look to to three years forward. dictate,theory should and i know the lowered it, it should dictate that we start to see wage growth. simon: we are not seeing it. anna: they are looking -- guy: they are looking to bank to three years out. simon: all

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