beatty: thank you, congressman jeffries. rise to stand with my classmate, the gentleman from from the 8th congressional district of new york. mr. jeffries, i look forward to tonight's special order hour. mr. speaker, congressman jeffries along with our colleagues from the congressional black caucus willville debate on how our debate is on crisis because of the right to vote in america. as we just heard from mr. jeffries and we will hear from others, voting is the voice of the people. the voting rights act of 1965 passed with bipartisan support, established strong federal protections with the freedom to vote and banning the discriminatory policies and practices of the jim crow south. combined with subsequent legislation such as the national voters registration act, which requires state agencies to provide opportunities for voter registration. the voter rights act helped our nation make significant practice other sting voting for marginalized groups. we find ourselves faced -- facing our first presidential election in 50 years

jeffries who is a member, ms. bass who is a member, and a number of other members as well on this very difficult hurdle that we have. let it be very clear that this hurdle of criminal justice reform is, as i heard mr. jeffries make mention of that we have taken hold to this issue of opioids and heroin. in a way that not one single bill was passed last week that had a criminal focus, particularly out of the judiciary committee. not one bill had mandatory minimums. and the debate last week on friday, i reiterated other and over again, no mandatory minimums in this legislation. that should be the perfect that we try to achieve going forward on criminal justice reform. but let me give the beginnings of that very tragic outcome in america, filling up the nation's prison, not having criminal justice but criminal unfairness. it starts with a past incarceration, which includes in the schools, failing public schools, zero tolerance in other school discipline. policing school hallways. disciplinary alternative schools, cour

so what do i care for. >> jeffries continues to tour like mad.the comedy store punch-out won't be his last time getting up close and personal with the audience. >> i've probably done anywhere between 2,000 and 3,000 shows in my career, and it's only happened once so statistically not too bad. there's been other comics it's happened to. i'm the only one that's caught it on film. >> the next time you want to check out that comedy show, baseball game or surfing competition, the best and the safest seat in the house might just be right in front of your own tv. i'm contessa brewer. that's all for this edition of "caught on camera." ♪ ♪ >>> thanks for being with us on this saturday night. i'm craig melvin, coming to you live from washington, d.c., here in the nation's capital, all eyes are on this room. this is the washington hilton, the annual white house correspondents' dinner under way as we speak. tonight's dinner, president obama's eighth and final as comedian in chief. and in addition to the blue chip journalists who cover d.c. politics, there ar

now the investor was reportedly jeffries which declined comment. in a statement lendingclub saying while the financial impact of this $22 million in loan sales was minor, a violation of the company's business practices along with lack of a full disclosure during a review was up acceptable to the board. right now it is not clear what role le plaun. exactly played, but dow jones

officer jeffries, by the way. >> how you doing? >> do you live in camden? >> yes, i do, all my life. >> have you seen the city change in your lifetime? >> it's getting a little better. got a lot of work to do. >> how much work do they have to do? >> get these people off the corner. people park on the side of my house using drugs all the time. i called the police last week. >> did they respond quickly enough? >> no, they did not. >> that's his people. >> did you talk to him? >> y'all didn't respond fast enough. >> was this at night? >> broad daylight, and i let them know. the loitering and drug use, and when i came back, the people were still there. >> why do you think that happens? >> it all depends on the time of day, however many officers are present, the priority of the call, that could have went out at the same time as a higher priority call. >> i'm sure you understand she doesn't know what the priority is. nobody told her there's a gunshot over here, so we can't make it to you right away. >> you all can make it better. all you have to do is be on top o

lending club matches are jeffries had decided to invest in the loan.he underlying loans were not what the terms that jeffries had asked for. that, one hand you have and on the other hand, the party transactions were not disclosed. minutes ago about how john had invested a long time -- alongside -- in these funds, that also lending club that also invested in a number of months a week -- weeks later. betty: and john was invested as well be -- beside him. >> absolutely what happened here was it was that responsibly to let the risk committee know that the two of them were also personally invested in the loan -- in the fund rather, that he had brought to the risk committee. betty: with a acting alone or were there other executives involved? >> we do not know. not have the responsibility, according to our sources, to bring it up. however, the board found that after the fact and made the investment alongside when he also had a stake in the fund. path'sdoes john mack have anything to say about this now? >> declined to comment. it does draw questions. we do not

. >> jeffry what do you expect to hear from donald trump tonight. >> i think he's going to come out andlare a victory. when we think back to this primary season and we think of marco rubio winning third place and coming out and declaring victory, now the guy who has won is going to come out and declare victory. i think most people agree with the exception of ted cruz they're realizing this is over. >> a lot of us have been wondering if donald trump would start talking more presidentially. i don't know that he has any reason to. today he was talking about a national enquirer story that was false and went on to win. i think what is remarkable about donald trump and this season is the gop had been searching for the kind of candidate who could generate this kind of enthusiasm for decades. not since reagan have they had a candidate that they didn't need to force on the voters. here's why you should love john mccain or get behind mitt romney. donald trump has needed no prodding from the establishment, from the party to take fire. in fact he's done it in spite of tremendous resistance from a l

number two was that he helped create $22 million of loans which he thought -- we found that was to jeffriesnd a lot of the criteria is of the loans were not met. jeffries eventually sold back those loans to lending club and resold them again. >> one of europe's wealthiest families is branching out from coffee to donuts. the holding company for the ryman family of austria has agreed to buy krispy kreme billion. for $1.4 this holding company wanted krispy kreme right out? >> they must think there is some opportunity to grow sales of coffee. krispy kreme has had trouble over the last couple years increasing their beverage attachment rate. but they do have very high brand awareness for such a small chain. and jab must see some pretty good potential there to be able to grow that coffee size business. >> we are seeing a lot of companies like krispy kreme shifting toward beverages. has krispy kreme been trying to do that, and how successful have they of been? >> it is a higher margin. they have struggle. part of it is the location. dunkin' donuts and starbucks has a convenience model and they want

however, brian pitts of jeffries sees a new record high ahead for the shares.nlyic helping out the nasdaq this week. what about another name that did not help out? reporter: that would be apple. down about 2% on the week on renewed concerns around slowing demand for iphone and iphone sales, really sparked by a bearish, negative report from the nikkei asian review that semi conductor manufacturer for iphones is likely to slip. and we see the stock is down more than 30% since its record peak last year on a bearish uptrend reversal. the last bearish uptrend reversal came in 2012, that time on margin compression. the stock did slide from that peak by 45%, so there could be more downside ahead. carol: thank you so much. here to talk about apple's rapidly deteriorating price, an analyst at rbc capital markets. an outperforming rating on apple, and we are also joined by cory johnson from san francisco. i was taking a look at some of the numbers. apple is down about 14% so far this year, down 19% since april. is the decline justified? yeah, not been a fun stock so far.

my question to you jeffry on behalf of many sad conservatives is what does donald trump stand for. what does he stand for. >> what will change when he's president. i want to add to the question. how many times is it going to happen? right now you say he's doing this because it's what's always been done and then he gets in office and you say he's doing that because it's always been done. i think the bait and switch. i think he's a con artist that will say whatever he wants to say. >> listen, he does believe in flexibility obviously, but you are not going to get any trump supporter out there to believe he sold his soul to the establishment of the republican party. it ain't gonna happen. by now everybody knows this. i think the republican establishment knows this. >> the question is what is his soul? what is his core? >> what does he stand for? >> he's conservative on taxes and energy and judges. he's named two specific people for the supreme court nomination. >> that's not what i asked though. if he's telling me this is something he'll never do and the entire campaign is rejecting al

jeffries, of what voting power actually means. what it means is that we would not have the north carolina set of vetting laws, you will that cut sunday voting or early voting, had one of the most horrific voter i.d. laws, we would not have the texas voter i.d. law that disenfranchised thousands upon thousands of his pan exs because of no d.p.s. officers, department of public safety officers, in their location. finally, we would not have an attempt to cut billions of dollars from food stamps and an attempt to cut trillions of dollars from education for our children, the status that we're in right now trying to seek full funding of the president's mverage funding of $1.9 billion for the zika virus. this is what voting power means. finally, finally, after the supreme court instructed the congress or told the congress that we needed to have a new bill, we would not have the predicament we're in now, i yield back to the gentleman, we need voting power. mr. jeffries: as lyndon baines johnson said from this very chamber shortly before th

earlier this week, jeffries gave us an estimate that this recall affecting takata airbags could increasere than 180 million before it is contained. we can expect more of these announcements. it is not a huge surprise that the number of vehicles affected is expanding. basically all the vehicles honda makes include airbags. most of them are affected by this. francine: how much can this affect honda? we probably will see the number of airbags they need to recall increase. us -- honda gave gave us an estimate for their forecast today that didn't include the impact of this because they don't have their arms fully around it. ¥436year, it cost them billion, a very large chunk of change. ¥345 net income was billion. the year before that, it was ¥120 billion. they've been paying big-time for these recall costs. how much they will get reimbursed is still up in the air. it is very hard for them to give a clear picture what their net income is going to look like. yesterday, we talked about mitsubishi. a lot of asian carmakers were hit by the emissions scandal. are we going to see a lot of the asian

jeffries did not take a loss because lending club then repurchased them according to a person familiarh the situation here. that was found dead from the events that investors expressed instructions. of questions over exactly what happened here. the stock is down 25%, the biggest decline on record. why is this interesting on another level? who is on the board of the company? take a look here. you can get to this looking at the management of the company. the new executive chairman of the board here, and also, the former ceo, a well-known tech analyst and larry summers, all , thereolks on the board are questions on the part of analysts, that if top-tier peer-to-peer lenders like lending club can fall victim to something like this, what does it mean for the rest, are there other types of the legend abuses going on? interesting, evolving, developing situation. moverr mission of the big of the day, that is krispy onee, being acquired for .35 billion dollars, $21 per share in cash. this is a company that owns a lot of other coffee holdings. adding to a coffee and doughnuts, what is becoming a

jeffries later than solve them back to lending club, not apparently what the client wanted to have happenat's also interesting about the story is who was on the board and some of these individuals who invested money into the company, including the former ceo of morgan stanley, larry summers, mary meeker, and well-known tech analysts and investors. so, this saga continues but it is creating a bit of a ripple effect across the peer-to-peer lending industry. looking at valiant pharmaceuticals again, the firstg across quarter, saying they plan to file on june 10 ahead of the july 31 deadline. the new ceo, joseph poppa, recently coming to the company to reassure investors. at the same time there is still not much information showing within the filing, with another newly released documents showing that they did perhaps steer some money to its former affiliate in order to get them to sell their drugs more aggressively. there are still questions in the minds of investors about those companies and the shares are down 4%. checking on cbs and viacom after a judge ruled -- throughout the world -- thr

"lecturesartifacts," in history," announcer: next, jeffry wert talks about the generals who engaged in 1864 shenandoah valley campaign. he looks at how ulysses s. grant and robert e. lee the addition and donna -- shenandoah valley from a strategic standpoint. he also delves into the personalities of the generals and how this impacted the campaign. the shenandoah valley battlefield foundation hosted this talk. i should think kevin but i always seem to get the i assure you we will be going to lunch on time. i am not very bright but i am but enough to know that, so don't worry about that. 3n august

headley and jeffries put on the payroll by the atlantic city beach patrol.the beach this weekend, don't forget your sun screen and remember the lifeguard perched on that chair. she's there for you. ahead. going home. ,,,,,,,,,,,,,,,, >> osgood: president obama's visit to hiroshima this past friday is one indication of how the legacy of the war with japan has come full circle. the growing number of war time flags returning to japan is another. here is lee cowan. >> opposing sides in war, share little, other than perhaps a battlefield and the longing to go home glenn stockdale of billing, man man, did come home he fought the japanese in the pacific unfill 1945. as a young staff sergeant he saw things most of us can't even imagine. and until the day he died at age 84 he kept most of it to himself. >> never talked about the war. >> just locked it all 'weigh way. >> that's his son. what he knew of his dad's service came mostly from rummaging through his father's old foot locker. >> among other things terry found a japanese flag. carefully folded, stained with blo

amanda: one big client that happens to be jeffries. some legs. >> i think the real problem is the space. there have been over 500 of these online lending landforms funded by venture capitalists on the west coast and they are all fighting for the same loans. you see the shares of the sector get hammered. people are trying to find other ways to profit in this business and prop up their stock price. we might find some other nasty things coming out of the woodwork. want to have't sour grapes about losing the chart of the day competition, but matt miller's chart speaks to exactly that. >> we will see the shares of on deck capital. we will see if that is moving in tandem with lendingclub. jonathan: what does this say about credit in general? the amount of people chasing the same deals? you have the typical environment on the west coast with venture capitalists where you see a hot sector -- you have a ton of copycats coming in. they are going after the same borrowers. there's real competition. , you seethat happens it from these new online le

jeffries eventually sold back those loans to lending club.ia for the loans that were not met? >> right, it's not clear -- were they subprime, near prime? criterianot meet the they wanted. alix: they thought that they were getting a, and instead they bought be? banks getting into a mess? >> the demand is clear. people want to borrow from these companies. they originate $2.8 billion in loans. but the people willing to fund these investments -- last week, in thea very big seesaw shares win on deck capital, a similar company, they reported that they could only sell at about 60% of their ones to be marketplace. lending club, the story of who is investing in these loans, a lot of funds, hedge funds invested -- also in the first quarter, they made them step back so they had to go more toward the banks and other financial institutions. demand from borrowers is huge. the question is will investors keep up with that demand. what does this mean in terms of regulators coming in and taking a closer look, sonali? sonali: there were two different story sugg

jason gamel will join us from jeffries from london, with an update on the persistency of oil at 50. mckee. ♪ francine: iamb francine lacqua in london. tom keene is in new york. this is "bloomberg surveillance." let's get to the bloomberg business flash with nejra cehic. nejra: in brazil, the banks are forced to sell assets. according to people familiar with the matter, btg pass while is exploring the sale of its stake with petrobras. in 2013 bgg paid $1.5 billion for the stake. last november, the founder was arrested in a corruption probe. shares of philips lighting jumped in their trading debut today. the dutch parent company royal philips raised hundred $39 million in an ipo as the world's largest general lighting business. it will not be cheap for french insurer axa to get rid of its british unit. it's u.k. life in savings businesses are said to generate a loss of income of almost $460 million. the decision to sell came after a strategic review. that is the "bloomberg business flash." tom: the entry eco-courses are eco-2013 and 2023. harvard it is at 10. before we get to your rep

jeffries is shifting from hold to buy overnight.ve or any present move off 122, i believe they have a 132 target. what are a kind of numbers you are seeing? : a report came out today that said they need to offer at least 135 per share. we have seen from $120 to $150 in the last week or so. analysts are all over the place. tom: i would be, too. how do you do this with negative rates? frankly, they could do this deal all stock, take out the debt with a three year or five year yield. it is a massive free lunch, isn't it? 's view ishink bayer that if they are offering more cash than stock it is more predictable. some people are talking about that if they want to sweeten their offer, they could throw in a stock component because that would give them more firepower without having to throw in more cash. there are some areas they can tweak, but at the end of the day , cash is king. francine: what surprised me -- and we had him on in earlier shows, and there was a chief investment officer next to us, and he said it is all about gm. if you ge

jeffries herbst. [applause] >> good morning. welcome to the studio and welcome to the museum.he new cm explains promotes and defends the five freedoms of the first amendment and the right of free expression. we do so through a building which welcomes 800,000 people each year to 15 galleries paris set of programs that contain stakeholders to discuss important issues around our foundational freedoms and an educational program which reaches close to 3 million schoolchildren through digital outreach. in our building you will see the long history of struggles for freedom in the united states and how the struggles have depended on the rights of assembly, speech, press, expression, religion and petition. critical to our building has been the long struggle in the united states for civil rights. we tell the story of what has been accomplished and we will also tell the story of what still needs to be done. in that regard it has been our pleasure to partner with the national urban league and marc morial on this important launch of the 40th edition of the state of latin america. this is i

jeffries is saying yes. that is but hundred five yen where the dollar is conservative.unquote disappointment. angie: thank you. some of the other earnings out of japan, mizuho said the negative interest rate will push the income down 11% the fiscal year to a four-year low. the second-biggest lender by assets expects net income to fall $5.5 billion in march. the ceo says negative income rates will cut $68 million per year. >> i don't think we will see significant growth in capital spending. we can't expect to grow if the global economy slows even further. impact of what negative rates may bring, but confusion can be resolved in the next six months or so. executives will start figuring out how they can make this policy. angie: meantime, sumitomo and mizuho death mitsubishi suing a rise in profit after that dropped last year. they reported negative for march 14.1%.ling 14 1% -- it is forecasting a rebound of $6.4 billion next year. many things affected our earnings other than negative rates policy, such as the slowdown in global economy, including china, as well as other g

now the investor was reportedly jeffries which declined comment. in a statement lendingclub saying while the financial impact of this $22 million in loan sales was minor, a violation of the company's business practices along with lack of a full disclosure during a review was up acceptable to the board. right now it is not clear what role le plaun. exactly played, but dow jones reporting he was ousted in part from misleading personal investors. you can see the stock is down 25%, in fact, on track for the worst day ever, there following a tough day. reported and missed and prosper laid off nearly 30% of its stack. it erodes that trust which will take time for the company and the broader market to rebuild. guys, back to you. >> this has been percolating for a couple of months, josh. we started to see rates go up in part it seems because the whole basis of these. why you do think that appetite is there? >> listen. you look at lendingclub, certainly, look at its board, kelly. this is powerhouse board. larry summers, john mack, used to head morgan stanle

. >> remember, we talked about a jeffries upgrade on the stock from april 22nd. i have correct you.d the company name is wrong. golar. >> i forgot that. >> golar. finally, today's under the radar name, comm. north carolina based communication infrastructure company, they upgrade from a buy to a neutral. they see an 18% potential return. a $35 target. they say that small health, small self and -- let me try there again. small self for 5-g and fiber optic growth will drive the company. there you go. bottom line, goldman sachs likes comm. >> my mind has gone to swamp w that, we swamp out of "street talk." >> all right. try to clean up the swamp. thank you. >> twitter reportedly blocking u.s. government's intelligence agencies from using a data mining service to provide access to the tweets sent by users. we're following that story. >> yeah. this is a fascinating one. it may be another flash point here between sill con valley and washington, d.c. law enforcement and intelligence officials. dow jones industrial average reporting yesterday that twitter has taken steps to block a firm with

. >> it's interesting that jeffries has been brought in. the buyers on some of these loans that led to the ceo'sous ter. there you go. lendingclub looking to get some of its liquidity back on the books. >> this is interesting in terms of what's going on with the company in trying to place the loans. >> it's interesting. citigroup was reported to have said, no, we don't want these particular loans originating. obviously we need to have that pipeline open and be able to finance themselves in that way. they might as well have one anchor, you know, kind of firm on the street to do that. >> that's true. i still wonder if that's enough for them. is it shored up enough. >> the problem is that what happens with all financial institutions is when your share price goes from 20 to 4 bucks you get these prices of confidence and that's the kiss of death. >> and if you're a market place lender and the market place moves against you. news out today the americans are carrying nearly a trillion dollars in credit card debt. it's close to the peak of just ove

jeffries adding dish to the franchise picks list.treet is overly bearish on dish and says everybody else, except for him, is underestimating the value of their spectrum holding. they like the fact that the spectrum is so-called mid ban. any other spectrum could be a positive catalyst. it's got an $80 target on dish which is 70% upside. >> yeah. and it's been a target of the short sellers of late. it came on this network to present its bear case. the stock is down 32%. >> like a $100 million short positionsome. >> something like that. it's big. >> it's big. >> next up. drexel hamilton is on an upgrade with a 152 price target. those concerns seemed to be receding after they named a former lougheed director. >> it's a bold call. stocks have nowhere ever been near 152. i'd have liked to vn seen it three weeks earlier. stock number three, jones lang lasalle. this is goldman upgrading it to a buy. they've got a $144 target with a 30 7 upside. much of the call has to do with the company's underperformance. the analysts say despite slowing c

jeffries upgrading the stock to a buy from a hold and $15 price target. says the company is making accretive asset sales entering lower costs. it's not time to -- it is time, i should say, after a 21% pullback in the past few weeks and cowan yesterday raised its price target also to 15 bucks a share. >> what a crazy stock, down 20% over a couple of weeks and up 10% this week and 60% over the past 90 days. >> yeah. >> supposed to be like a slow around steady copper company. >> i know. >> third stock, halliburton, fbr, upgraded and bumped the market share to 49 and now that the deal with baker hughes is scuttled halliburton can stay focused on cost efficiencies and leveraged fleets. they say it's the most cost-efficient pumper of the group and analysts say they should not fight with baker hughes that much in the international markets and will narrow their gap with schlumberger. that target is about a 20% upside to today's price. >> the f5 networks downgraded. 25% price from february lows. the analyst says a shift in subscription offering should improve visi

jeffries is saying they could afford $140. another firm saying they could afford $145.learly shareholders were not sincewith the idea at all it started being talked about may 12. the stock has fallen considerably since then. david: more job cuts coming at microsoft. they are trying to undo the last major acquisition. selena long joins us from hong joins uselena wong from hong kong. >> this is microsoft's latest to cut costs and it is not working. last year they announced 7800 job cuts. off itst week they sold future phone unit. really downsizing this lagging part of the business. : this is a strategic move to back off of cell phones. rate. this is another move to pare back. it's a smaller part of the business that it has been in the works for a while. this has been a long time coming. it's another step. david: thank you, selina wang. session in bullish new york. .ook at the ftse up the dax pushing as well. german business confidence out today. since 2016. that's encouraging. it points to a market in journey -- germany as well. let me show you what's happening with wti a

robert jeffries is here, a trump supporter. it seems to me that trump is moving to the left. don't want to say the left, but more towards the center maybe to accommodate the republican party. what do you think? >> it's called the art of the deal. it's negotiation and it's fine up to a point. look, if republicans have wanted a strict idea log, they would have chosen ted cruz. they want someone who gets things done. the trick for trump going forward to figure out what's negotiable and nonnegotiable. trump is a smart guy, he'll figure it out. stuart: he better fot back away too far from tax curts to get growth -- cuts to get growth. where does that leave republicans? >> he was clearing, talking about increasing from his original proposal, not from current levels right now. and look, stuart, there's a number everybody needs to remember, the number is 12 million. that's how many votes he will have received by the time the primaries are over next month, more than any other candidate in republican history. i think it's laughable that paul ryan is withholding support thinking he's go

. >> the chair recognizes the gentleman from new york, mister jeffries for five minutes. >> i had the opportunity to serve in congress for 3-halfmac years -- 31/2 years and the greatest dereliction of duty, gross negligence, breach of public trust was when members of his body in october 2013 decided for purely political reasons that you were going to shutdown the government for 16 days and cost the economy $24 billion in lost economic activity and yet we have to sit here at this hearing and be lectured about alleged gross negligence and breach of trust. people need to look at their own conduct, their own behavior and how that impacted the american people and their bottom line rather than subject us to this taxpayer-funded fishing expedition because there is an addiction that some have, not just the distance chairman sitting before us right now, there is an addiction some have in this body to impeachment. let me ask a question. do you think president barack obama has committed impeachable offense during his 7 years? >> i never argued that. it is irrelevant. i think the irs within the c

mike jeffries here to still to come, the trailer taking the internet by storm.ish it. you are humanity's final hope. maria: tom hanks set to take the big screen again is robert langdon in inferno, the latest movie in the da vinci code series. ron howard will tell us about it next on "mornings with maria". >> live from las vegas, "mornings with maria" starts right now. maria: good friday morning. i am maria bartiroma coming live from the salt conference in las vegas. it is friday, may 13th, friday the 13th. your top stories at 8:00 on the east coast. the path to unity, donald trump and paul ryan coming out of their meeting hopeful to bring the party together. >> i don't mind going through a slow process. we agree on a lot of items and we are getting there. >> we had a very encouraging meeting. donald trump and i have had our differences. we talked about them today. that is common knowledge. we had a very good and encouraging productive conversation. maria: donald trump making waves with his stance on taxes. the obamacare court ruling straightahead. marco berg tak

tranter driven me now is robert jeffries a lot with radio talkshow host rick sanchez. i go to you first on this. do you see more common ground between these two stand adversity and animosity? >> idea. so, my friends in the trent campaign are very positive about this meeting. they say unity doesn't happen instantly. it's a process. the fact is paul ryan doesn't have much choice in getting behind trump. by the end of next month, trump will see 12 million primary voters, more than any other republican history. paul ryan no-space. he knows donald trump is the presumptive knot of the nominee that had the republican party. i'm going to predict you may not see a group hug after today's meeting. you will see something very close today or soon afterwards. >> rick sanchez committee of not been a fan of donald trump's comments, but do you agree with the pastor? >> i believe he's absolutely right. it comes down to what you need to do in a situation like this. i agree it's probably not going to be a big lurch embrace. but at some point, it's like the bad medicine that our mothers g

and ten months ago when this began there were two or three people on television, i think there was jeffryf and donald trump who thought this was possible and ten months later because of his hard work we are where we are right now which this is history in the making and it's exciting. it's a massive day. the fact he did it before the convention nobody expected so it's exciting. >> so while trump was loving it -- see what i did there -- hillary clinton was talking -- talking with wolf blitzer. here's what she said. >> i know that trump thinks this is a point of pride that people like me or president obama raise questions and criticize him but it's not. this is not a reality show. it's not just politics. it's really serious. the entire world looks at the president of the united states for leadership and stability and that is the kind of leadership i would provide if elected. >> what do you think andy? >> well, the idea of leadership coming from hillary clinton is bizarre. i mean this is somebody when benghazi was under attack was sleeping and then the next morning she concocted some bizarre

for today's morning meeting, i want to bring in the jeffries managing director of fx.latility we have seen so far this week? we have had a big discussion this week, but what do you think is behind in your mind? brad: the reversals nothing more than just a position adjustment. the fed was not as hawkish is some thought it might be in the last meeting and the dollar sold off rather aggressively. we got a little far too fast earlier in the week with the dollar they sickly off against everything across the board. the past couple of days has been a little bit of a good back and position adjustment with some profit taking as we head into today's number. jonathan: he agrees with you and ask is more about traits going off been going on. i think of one single conviction trade at the moment in the g7 space. ande going to the payrolls beyond, what is the conviction trade at the moment? brad: it's a very tough call. it is not easy situation. i think the yen and the euro are going to remain rather good. i think the dollars want to have a hard time rallying unless we get a really bi